Joe_Keegan

BEARISH TRENDLINE BREAK GBP/USD

Short
FX:GBPUSD   British Pound / U.S. Dollar
After a bearish week previously I am looking for additional trades short after profiting from the initial break of the inside trend line . A little retracement up to 1.2400 area could provide an optimal short opportunity with targets down at 1.2500 with a 2:1 risk reward.

if market does not retrace, a strong close below 1.23113 will also provide a decent shorting opportunity with slightly lesser risk reward gains with targets also down at 1.2500

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