New Weapon - Chart

1Hr GU Chart:-

Setups...?
A - The last wave of swing low of impulse wave...
B - The last wave of swing high of impulse wave...
Fibbo Retracement: A -B
C - The price retrace up to 61.8% retracement zone on impulse wave with hammer - bullish reversal candle act as confirmation candle.
Note: Low of C cannot exceed the low of Swing Low of Impulse Wave

Number of Impulse Wave Candle?

A - B: 8 Candle of 1Hr Impulse Wave
C - D: 7 Candle (You expect the price to have at least 8 candle before reached TP 3).

Normally AB = CD; so we expect to reach TP 3 within 5Hr after enter the trade.

Trend? you need to look at 4hr chart...

Entry, Stop Loss & TP

Entry @ Near 1Hr 5 SMA - 3rd Candle after confirmation candle (Hammer). After you see Stochastic Cross & Hooking Up.
Stop Loss @ C
RR calculated from point C to TP 2 (FE 61.8).
Fibbo Expansion: A-B-C