Hi3rophante

GBPUSD LONG Fibonacci extensions for intraday trading $GBPUSD

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OANDA:GBPUSD   Libra Esterlina/Dólar Americano
These are the Fibonacci extensions I am watching for GBPUSD today :

N1: 1.4104
N2: 1.4096
N3: 1.4083

Current intraday trend likely DOWN

DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME

Examples of SL and TP :

SL could be @ Fibo level 4 (1.4066)
TP could be @ Fibo level 0 (1.4117)

Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL

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