BTCUSD SHORT Fibonacci extensions for intraday trading $BTCUSD
These are the Fibonacci retracements I am watching for BTCUSD today :
N1: 45497.48
N2: 46292.52
N3: 47391.27
Current intraday trend likely UP
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 (48677.64)
TP could be @ Fibo level 0 (44211.11)
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: 45497.48
N2: 46292.52
N3: 47391.27
Current intraday trend likely UP
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 (48677.64)
TP could be @ Fibo level 0 (44211.11)
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