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.
Limit order filled.
Trade closed: stop reached:
Stopped out on this trade. Looking for other opportunities.