Lay-Z
Short

GBPUSD #1 DFS CHALLENGE

FX:GBPUSD   British Pound/U.S. Dollar
98 0 5
I've Decided To Create A Don't Fear Success JourneyTo Spice Out My Journey On Trading view, Throughout this Journey I will be # my set ups, and analyses them techincally then after either Stop Loss Or TP gets hit I will then analyse what happened wrong (if stop loss hit) or what happened right


GBPUSD0.53% Shorted Due To 3 Reasons --
---- Rejected Trendline x2
--- Close Below 0.382 which if you look to the left can see that this level has held weight as a previous resistance level
---- Broke R2
---- My First Target Is 0.5 (1.43869) If Price Hits That Level I Will Move This Trade To BREAKEVEN
----- My Main Target is 0.618 (1.492966)

Good Luck

If any recommendation on how i can improve my charts or anyone disagree with it, please mention in comments.. Thanks
Update status
Comment: Adjusted Stop Loss -40 To Give More Space For The Trade To Run, Plus Upcoming USD PPI News at 1.30 which i will be careful off since i have not enjoyed the fundamental side of trading recently.
Comment:
snapshot
4 Hour Candle Update --- Can See Price Re-tested Trendline And Failed, While other GBP Pairs are Falling USDOLLAR has been a weird one to call currently Technically, however currently 25+ Pips in green on this trade.
Trade closed: stop reached: Gobsmacked.
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