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!
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Objective 1 reached.
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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.