Update on today’s GBPUSD Long Trade set-up

If you’ve not been able to go Long on the GBPUSD based on the Long trade set-up that was posted a few hours ago (using the fib 61.8% retracement @ 1.6403), a new hourly swing low has been formed @ 1.6395; hence, the previous set-up is no more valid. If you took the trade around the fib 61.8% ret., it’s time to move your stop to just under the new hourly swing low @ 1.6395 (Hope you see this post in time, in case price decides to break the swing low downward).
Another signal that is currently weakening our upward move bias is the waving –ve MACD divergence that is about crossing below its signal line. MACD crossing below its signal line will validate the –ve MACD divergence, which supports the possibility of further price movement downward.

Personally, I took this trade @ the fib 61.8% ret.; took some profits when price moved favorably by almost the same amount of pips I risked initially (47pips), and have now moved my Stop Loss for the remaining position to under the new hourly swing low @ 1.6395.