PRICE ACTION8 RULES

Fibonacci Retracement

Enters at the 61.8% or 78.6% Fibonacci retracement with extension targets. Requires trend direction confirmation before measuring the swing.

TRADERS: 1,534
AVG COMPLIANCE: 76%
TIMEFRAMES: 15m, 1H, 4H

Who This Template Fits

Best for traders who read clean levels and candle behavior without needing heavy indicator logic in the rulebook.

What To Customize First

Customize the entry confirmation language first. Price-action templates need your exact definition of confirmation, invalidation, and session context.

Evidence Behind This Template

  • 018 rules in the template, including 3 explicit risk rules
  • 010 timing rules that constrain when the setup is allowed
  • 01Recommended firms: FTMO, FundedNext, The5%ers, Blue Guardian, For Traders
  • 01Average seeded compliance benchmark: 76%

ENTRY

  1. 01Only draw Fibonacci from a completed swing (higher high/higher low in uptrend, lower low/lower high in downtrend)
  2. 02Enter at the 61.8% or 78.6% retracement level with a confirmation candle
  3. 03Do not enter if price blows through the 78.6% level -- the setup is invalidated
  4. 04The higher timeframe (4H or Daily) must confirm the trend direction

EXIT

  1. 01First target at the -27.2% Fibonacci extension, second target at -61.8% extension

RISK MANAGEMENT

  1. 01Stop loss below the swing low (longs) or above the swing high (shorts)
  2. 02Maximum 1% account risk per trade
  3. 03If daily P&L reaches -2.5%, stop trading for the day

RECOMMENDED FIRMS

FTMOFundedNextThe5%ersBlue GuardianFor Traders