GBPUSD Swing Trade 5R+

26 nov 2021

This trade wasn't intended to be a swing trade, but I had a profit target I calculated that price would reach, so I held the trade and waited for the target while trailing my stop behind to keep me safe. I took the entry off the 70.5% Fibonacci level and rode price action down as it broke for new lows over the past 2 days. I took this trade on Wednesday 24 November and today 2 days later it hits the final profit target before the markets close for the weekend. Overall a very good trade with great profit management