Turtle soup short on GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
107 4 1
Shorting the GBPUSD             because we hit a institutional resistance line which aligns with a bearish 1 hour order block.
1.5985 would be a nice target to take profit
Fib from last daily fractal high put you in the OTE zone too. I can see room for one more push higher to right about where your stop is (eek!) but your entry candle looks ok for now so you may be lucky. That institutional level is also a daily SR level so it may work. I certainly like your R:R Hopi, so I hope it works out for you. I just don't like the general conditions - the daily looks uncertain about where to go. Good luck :)
Thanks Ausdoc,

One of the reason I took this short is the USDX, it entered a bullish 15Min order block on the support level of 85,45 as well.
And look at the 86.00 level, some juicy stops there as well, so they will be hunt for.

If I get stopped out, there's always tomorrow for a new entry :)

AusDoc hopiplaka1
Yep, all good points. And now about 3.5 hours to home sales data release so anything could happen, before, during or after that.
Trade was stopped out, still I believe we could go lower, especially because we cleaned the stops of the 22nd of October.
I am in a short EURUSD trade however so I will monitor this, but not trade the pair
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