GBPUSD - Short setup

-Price entering M resistance zone
-Always wait for good reversal before you enter this trade
-Use fib levels to set targets
-2% capital risk above resistance level.

Trade your strategy, this is just an idea how i look for my trades setup.

Thanks!

Comment:

wait for more, small correction to the upside is possible.

Comment:

still running smooth, selling pull backs (Y)

Comment:

Intial target was fib .50, can be extended to 618 (1.2438)

Trade closed: target reached:

closed all positions at 1.28