Tight risk/reward ratio: Short GBPUSD below Key level resistance

FX:GBPUSD   British Pound / U.S. Dollar
178 5 6
There is a key level above the price, trend is bearish and the indicators agree on the direction the market's moving.
The options expiration line above and a fix rate level serve as overhead resistance, to measure risk from.
Target is 2 ATRs             down, closing half the lots at 1 ATR profit and moving stop to break even by then.
Nice call
Trade worked nicely, but covered for now, I'm looking at a continuation setup now, after today's close.
IvanLabrie PRO IvanLabrie
Pocketed 25 pips today...meh, live to die another day.
IvanLabrie PRO IvanLabrie
Nice to see the stop level hasn't been hit. We might see some further directional action soon, after today's action.
I'll be watching closely.
IvanLabrie PRO IvanLabrie
Close to a second shorting opportunity here.
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