FX:GBPUSD   British Pound / U.S. Dollar
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4
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

Comments

what is value of your of your RSI please
Reply
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