Anchoring: swing A to swing B, then the 0.618 print
EURUSD H4: A 1.07200, B 1.08950, range 175 pips. 0.618 = 1.07865. That level coinciding with a round 1.0800 and a weekly HVN is the trade; 0.618 alone is not.
Why 0.786 is a last-defense, not a first entry
0.236 is usually too shallow for a structural stop and becomes FOMO. Skip it unless you are scalping with a 0.5x ATR stop during London, not swinging.
Extensions as TP2/TP3, not as entries
Failed 1.272 (close back inside B) often starts the mean-reversion to 0.5. That is a separate CHoCH book, not more continuation size.
Stops beyond the next Fib, capped by ATR
start free on Venasri so zigzag fibonacci confluence ladder is not a browser-only exercise: Venasri Risk Management & Equity Guard owns the flatten, Venasri Performance Analytics stores MAE and R, and 24/7 MT5 Bot Control is the 24 hour execution path on ZeroMQ or MetaAPI.