journeyofarookie2.0
Short

Patience might pay off

FX:GBPUSD   British Pound/U.S. Dollar
33 0 0
Seeing this pair is strongly bearish I'm expecting a retest of january/march 2009 low around 1,3730, However a simple and aggressive break and close under last low gives an inversed risk reward ratio (scenario 1), A break of the last 4 days channel gives a better risk reward but still nit optimum (scenario 2),

So I will be waiting for short opportunity on lower timeframes in the "kill zone" (scenario 3) a better risk reward ratio while riding it all the way down (and great profit at the same time)
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