GBPUSD H4 trade - Correction
Mistake in GBP/USD - Black one was initial thoughts, blue one is corrected thoughts
Should have waited for daily candle to break below daily key level at 1.23965 before pullback since you have idenfied a key support level and NOT a confirmation break below your entry instead because it could just bounce and rally higher at the key support level
Sell limit is not yet valid UNTIL the break below the key daily support at 1.23965
Could spike to nearest 61.8% extension as well
Will try an entry on both setups again if it is valid
Should have waited for daily candle to break below daily key level at 1.23965 before pullback since you have idenfied a key support level and NOT a confirmation break below your entry instead because it could just bounce and rally higher at the key support level
Sell limit is not yet valid UNTIL the break below the key daily support at 1.23965
Could spike to nearest 61.8% extension as well
Will try an entry on both setups again if it is valid
