[B]GBPUSD 4h[/B]
[B]SHORT
entry:[/B] 1.5985
[B]stop loss:[/B] 1.6050
[B]profit target: [/B]1.5840
[B]explanation:[/B] it’s a retracement play… major confluence zone at 1.6000: 200SMA + S|R zone + round number + 50% Fibo.
[B]GBPUSD 4h[/B]
[B]SHORT
entry:[/B] 1.5985
[B]stop loss:[/B] 1.6050
[B]profit target: [/B]1.5840
[B]explanation:[/B] it’s a retracement play… major confluence zone at 1.6000: 200SMA + S|R zone + round number + 50% Fibo.