I've decided to take a short position here as I feel price has reached a strong resistance zone
. Zooming out on the D1 chart, we can see that GBP/USD
has spent the majority of this month in a downtrend. I'm going to follow the trend on this particular setup and see if I can ride the wave down. Risk is absolutely minimal and I'm targeting 85 pips. 1:4+ R:R.