GBPUSD bouncing off a support trend line. Possible move towards 1.39 resistance zone.
Trade closed: stop reached:
Failed to respect resistance channel. Price broke and retested and moving to the downside.
LESSON: Don't trade counter trend positions. When price was in an ascending corrective flag, rather wait for break and retest/reach support of flag and take shorts inline with trend.
LESSON: Don't trade counter trend positions. When price was in an ascending corrective flag, rather wait for break and retest/reach support of flag and take shorts inline with trend.