BTCUSD SHORT Fibonacci extensions for intraday trading $BTCUSD
These are the Fibonacci retracements I am watching for BTCUSD today :
N1: 46615.53
N2: 47454.29
N3: 48413.46
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 4 (49970.57)
TP could be @ Fibo level 0 (45258.42)
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: 46615.53
N2: 47454.29
N3: 48413.46
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 4 (49970.57)
TP could be @ Fibo level 0 (45258.42)
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