GBPUSD (short)

Trade Analysis

Reason For Entry:
- Rejection of strong 1H descending trend line
- Broken 1H ascending trend line
- Rejection of 1H resistance
- Outer 0.618 Fib
- Inner 0.50 Fib

Reason For Stop-loss:
- Above 1H resistance
- Above 1H descending trend line

Reason For Target:
- 4H lows

Trade Management:
- Market execution