These are the Fibonacci extensions I am watching for GBPUSD today : N1: 1.3788
N2: 1.3767 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 (1.3742)
TP could be @ Fibo level 0 (1.3829) 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


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