These are the Fibonacci extensions I am watching for GBPUSD today :
N1: 1.4154 N2: 1.4136 N3: 1.4110
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 5.618 (1.4080) TP could be @ Fibo level 0 (1.4184)
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
Interesting. I also think GBPUSD is setting up for a good long once it reaches a liquidity area.
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Hi3rophante
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@Aldrimon, ok I will take a look, it looks interesting
Btw, could I invite to this Online Forex Expo? It will be held online through a 3d virtual world. You might want to consider joining. If you want to learn more, join through this link. Btw! Registration is free :)
link.brokersshow.com/rBTbMp