BTCUSD LONG Fibonacci extensions for intraday trading $BTCUSD
119
These are the Fibonacci retracements I am watching for BTCUSD today :
N1: 35816 N2: 34700
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 (33393) TP could be @ Fibo level 0 (37929)
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