GBPUSD, Short, RR 1:5 available!

FX:GBPUSD   British Pound / U.S. Dollar
Good morning ladies & gents ,

Cable is positioned to go short this morning in London.

After breaking the market structure on the higher timeframes, I'm looking to take a pullback pending order @ the price indicated on the chart.

I anticipate that price will clear these three objectives below; however, I'll be scaling out of my position as price reaches and fulfills each objective.

Stop will be moved to breakeven after the first objective has been reached.

Good luck!
Comment: Objective 1 reached.
Comment: Re-entry available with a stop at 1.37800

Take profit 1 is now the low of the current day, followed by the next two objectives highlighted in the chart.
Trade closed: target reached: Objective two has been reached.

Closed the trade out at 1:5.

Solid trade. +5%.


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