Fibonacci levels for intraday trading

Trading Discussion Currencies
201

Hello everyone,

Here are some of the Fibonacci extensions I plan to trade today :

GBPAUD

Current intraday trend likely : DOWN

N1: 1.8316
N2: 1.8271
N3: 1.8210

See arrows on the following chart :

1138×893

202

GBPJPY

Current intraday trend likely : UP

N1: 155
N2: 155.22
N3: 155.53

See arrows on the following chart :

1139×894

1 Like
203

fibs are a great tool but not to be used solely. if you are looking at price action and retracment levels then the fibs will help a lot

204

I like fibonacci as well, it works for me most of the time, that is when I’m using support and resistance properly.