Attached is
split screen of 30-min EUR/USD charts. The left has session colors and HAS candles. The right features PSQ9 and HAMa. Both have the same fib retracement plot as per last post.
Its been nearly 24 hours since this pairs has bounced down from the top at the end of the Monday Asian session, end 06:00 hour. We mentioned intermediate/advance entries at top or at pullback.
The 61.8% fib was exit for conservative intra-day. Price made a 100% retrace during the 19:00 candle period.
The purpose here is to show the difference between the candles. While the right chart has wicks denoting some choppiness, the left hand chart's HAS candles keep things smooth.
If the top of the HAS candles do not have wicks, it means the downside move is stronger.
The HAMa stayed read all the way to the 100% level.
The 100% retrace level is always very significant and excellent exit point. At the very least a strong bounce is highly probable. We can see that it did bounce up to the 61.8, which means the retrace was 38.2% (inverted ratio).
Another observation is that when we switch the left chart to the 15-min interval, we can see the European low as a breakout point too.
The money management part includes moving your stop-loss. It can be trailed by pivot highs or fib levels. The 15-min chart would be better for viewing pivots.
Here is info on Heiken Ashi candles:
Heikin-Ashi: A Better Candlestick
Note the attached chart uses a smoothed version of the HA.