timmynorin

GBPUSD (15min) short opportunity with 2618

Short
FX:GBPUSD   British Pound / U.S. Dollar
A setup with two targets, triggered by the 0.618 retracement of the double top . And, the retrace also runs into our falling trend line .

First target - retest of previous low.

Second target - above historic support level

Feel free to ask if somethings on your mind, I'm as transparent as can be.

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I do not recommend using my charts and ideas as a signal to enter a trade. These charts are intended for my own personal review.
Trade closed: stop reached: This is what you get, when not accounting for 1.25500 (see green line).
A slap in the face! A rightful one.

I chose to ignore it, relying on the double tops to protect the stop, but sometimes, thats not enough.

See you next time, market.