4.6R trade, if all goes according to plan will end up being about 3R trade with the partial closes. But as always - if market conditions shift, don't be afraid to lock in more gains earlier.
Stop loss is right above this current high - if it gets run, close the trade, accept the -1R and wait for DXY to bottom. Then we'll re-evaluate and see if GBPUSD is the best pair to short (we want relative weakness compared to other majors - EUR, AUD, CAD).
Safer trade: Wait for MSB on Daily, then look to enter on a pullback.
Trade closed: stop reached
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Stop hit, watching for a reaction in the FVG
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GBP entered the FVG. watching for reaction on smaller timeframes. If we keep climbing, next point of interest is FVG midpoint around 1.2843 area.
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DXY finally pushed higher and broke market structure.
GBP/USD lows around 1.235 juicy
But no trades for me on GBP. EUR/USD seems to be the weaker pair with more potential downside.