GBPUSD LONG Fibonacci extensions for intraday trading $GBPUSD
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
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
