GBPUSD is trading now at RSI 76 and currently faced a resistance level. I assume it will drop from the resistance line. The first target will be 300 pips.
Comment:
You can either close the trade and take the profit or use trailing stop and wait until it drop more since there is still a lot of potential of it.
Trade closed: target reached:
Reached the target. Trade closed.
Comment:
profit was +467 pips.