GBPUSD LONG PRICE ACTION

in D & H4 TF, Price retrace back to Daily Horizontal Level (Resistance broken). In H1, Price was consolidating at the horizontal level. As price broken through the consolidation and close about it in M15, i decided to take a long trade targeting the next H4 swing high R:R 1: 5.5 waiting for price to pull back and take off.

Commentaire:

Trade hit a 1:1 Risk reward. However, due to CPI news. USD has strengthen. and my trade was taken out