DKrastev
Short

Trend following trade on the 1H of GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
The GBPUSD             has been making lower highs and lower lows. It broke the support around 1.2180 and it should act as resistance now. Moreover, we have Fibonacci confluence at that level. I will be looking the price the retrace further around 1.2180 to short it with a stop above the previous high and target down at the structure lows.
Trade active: Limit order filled.
Trade closed: stop reached: Stopped out on this trade. Looking for other opportunities.
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