QuoteDislikedI'm not following you...
* What are you fibbing?
* What entry are you using?
* What stop are you using?
First line above or below green line = Daily open price +/- 34 pips
Second line above or below green line = Daily open price +/- 55 pips
Third line above or below green line = Daily open price +/- 89 pips
Fourth line above or below green line = Daily open price +/- 144 pips
Entry doesn't matter , this post is about TPs.
Stop doesn't matter, this post is about TPs.
Another example:
I get an entry anywhere below the third fibonacci line that lies above the daily open (green line) and we are in a bullish scenario , I would set my TP around the third line above the green line.
Gotta keep it simple. The sole reason is the probabilitys I calculated , that the price is likely to reach the third line this trading day.
You could also set it to the fourth line above the daily open but it's less likely that price will travel there.
I hope I express myself not too confusing.