Entry: 1.20127
Stop loss: 1.22804
Target: 1.17542
Looking to go short on the GBPUSD pair. There's a swing high and low and place. Price failed to post a candle close above the swing high. Came back down to the swing low and then closed below the previous swing low. The setup does carry a fair bit of risk with it since we are not completely aligned with trend on the Day timeframe but on the H4 and H1 timeframes. There does seem to be enough room for the price to move down further.
Stop loss: 1.22804
Target: 1.17542
Looking to go short on the GBPUSD pair. There's a swing high and low and place. Price failed to post a candle close above the swing high. Came back down to the swing low and then closed below the previous swing low. The setup does carry a fair bit of risk with it since we are not completely aligned with trend on the Day timeframe but on the H4 and H1 timeframes. There does seem to be enough room for the price to move down further.
Trade closed manually:
Since price hasn't managed to break the low at 1.1914. I'm choosing to exit the position manually
Since price hasn't managed to break the low at 1.1914. I'm choosing to exit the position manually