iam_melvinsmith

Simple Fib trade

Long
FX:GBPUSD   British Pound / U.S. Dollar
So with this trade, I simply noticed it's on an uptrend. I drew my fib from the bottom of the candle to the top of the break. When it was already on my 61.8 on the 15 minute time frame. I've seen this setup a lot the swing points on the 61.8 was on its third swing and if it goes to plan this will break the resistance and go for 35pips,. Will update once trade hits !
Trade closed: target reached:
Nicely played, great entry limited drawdown. its lit
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