fibonacci + support and resistance + price action

Shared by a BacktestingMax trader on 21 Apr 2026

• Profit factor: 4.85
• Win rate: 66.7%
• Trades: 6
• Backtests: 1

fibonacci sets a possible retracement level and if aligns with confluences like support or resistance lines, trend lines, fair value gaps and a aligned bias. It is likely to continue the trend

Entry rules

1. fibonacci 0.5-0.618 or a little more
2. previous support/resistance
3. target aligned with price action

Invalidation

1. no clear trend
2. news
3. very choppy price action

Stop loss and take profit

1. stop loss after a resistance or support level/ or in a protected spot
2. take profit depending if your bias is a trend continuation use fibonacci extension around level 0.786, if not near the previous high/low

Inside the app

Opening this strategy in BacktestingMax shows the full record behind the numbers above, on a free account: every trade with entry, exit, size and P&L plus CSV and Excel export; a bar-by-bar replay of the author's own session on 1-minute history; Monte Carlo projections that reshuffle the trade sequence; the equity curve against buy-and-hold; advanced statistics including Sharpe and Sortino ratios, expectancy, payoff ratio, recovery factor, maximum drawdown and longest time underwater; a day-by-day P&L calendar; and behavioural analysis covering revenge trading, position-size chasing, long/short bias and the hours and days it actually made money.

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Figures come from backtests run by the author inside BacktestingMax. Past performance is not indicative of future results, and nothing here is financial advice.