gbpusd long

trading back to the mean

Trade closed: target reached:

Risk to Reward of 1:3
This could go a lot higher as we have bounced quite convincingly off a Daily Trend Line.
On my Forward test I am going to hold on for a bigger daily move of AB=CD and my SL is at BE.
It's great to see I picked a good R:R entry and identified the most obvious place for a stall at 1.2500

Comment:

When I opened this trade the Non Commercials were short the GBP and Net Long the USD.
Going against these means I should only target the mean or just wait for a trade in the opposite direction