Short Term Fibonacci Trades on GBPUSD

[intlmarkets]

GBPUSD

Sell 1.8155 Stop 1.8200 Target 1.7930

[rollingstone]

Hi

On my charts the GBP past 155 at 10.20 hasn't gone back to it since only getting as high as 149.

What quotes are you using ?

[intlmarkets]

I use FXCM my order has not been filled yet I am waiting.

[rollingstone]

Thanks for that sorry for the misundersting I thought you meant the price was 155 when you posted the thread.

[firefly]

Yesterday at 23:30 USAEastern Time Using DiNapoli Levels

Went short at .8206 COP: 8170 OP: 8135 XOP: 8076

Stop: 8231

OP hit at 5:45 Eastern

[intlmarkets]

Move Stop to Breakeven at 1.8155

[yasirdxb]

Originally Posted by intlmarkets

GBPUSD

Sell 1.8155 Stop 1.8200 Target 1.7930

Short term trade?

By the way accurate entry point!

Good Luck

Yasir.

[intlmarkets]

I applied the technique to EURUSD it gave the following trade:

Sell 1.2267 Stop 1.2306 Target 1.2150

The method is very simple it works as follows as soon as you get an impulsive move use the fibonacci stick to draw retracements extensions. start the end go back to the beginning point. then the entry will be the .50 stop will be above the .236 by 10 pips target will be 1.618 2.618.