Short on GBPUSD

GBPUSD long term bearish, after a few weeks of ranging, new break out for Sell opportunities ?
SL at 1.2317
TP at 1.18

Trade closed: stop reached

LOSS

Observation:
- No clear D1 trend after 5-6 candlesticks ->

Takeaways:
- better cut the trade early, waiting for better / clear signals
- always check for resistance / support patterns before trade execution

Note

Observation:
- There was a resistance 38% Fibo line at D1

Takeaways:
-always check for resistance patterns :)

aminetv

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aminetv