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GBPUSD SHORT: Breakout & Retest of The Range

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
VasilyTrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis GBPUSD GBP USD pound dollar signal
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trendanalysis chartpattern waveanalysis forex trading technicalanalysis gbpusd gbp usd pound dollar signal
snapshot

We have recently shorted GBPUSD with my student.
Trade is based on the retest of a broken trading range.

Entry - 1.2337
T1 - 1.229
T2 - 1.224
Stop - 1.2385
Comment:
I still consider this breakout to be valid, because the market has not set a new higher high yet.
still chances are high that it is going to drop.
and for those who missed lower entry it is a perfect time to open short because of a very good R/R
Trade closed: target reached:
T1 hit
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