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.
Take profit 1 is now the low of the current day, followed by the next two objectives highlighted in the chart.
Closed the trade out at 1:5.
Solid trade. +5%.