Today, I attempted a sell trade on GBPUSD, placing my stop loss at 1.3530 and my take profit at 1.3502. On the M15 timeframe, GBPUSD appears to be undergoing a correction but has not yet managed to break through the resistance area.
The sell position I opened on GBPUSD hit my stop loss, resulting in a $1.50 loss. On the M15 timeframe, GBPUSD managed to break above the MA200, but it remains stalled at the supply area for now.