Hey Traders, today i just wanna show you my Swing Trade from Sunday Market Open. I shorted the EURGBP pair in its first correction wave (marked in blue). The high of the blue box is my favorite fibonacci level 0.61 and this is where my stop is, means i do not expect price to rise above these levels. I really like trades like these because stop loss is at an clear price point. With an good risk to reward ratio swing trading can be much easier. I just set trades like these, put stop loss & take profit in and just check how they work out like one time a day. Just wanted to give you guys a quick update about my running trades. Greetings from Germany.
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Waiting for more downside this week.
Trade closed manually
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Forgot to post about this one. We closed the trade with +150 pips.