Strategizing on GBP/USD: Confident Short Trades for Profitable R

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Paun British / Dolar A.S. (OANDA:GBPUSD)

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OANDA:GBPUSD Paun British / Dolar A.S.

Another simple GBP/USD short trade. I'm still keeping an eye on this pair, and it may be one of my favorites for trading (you can see in the history that there are three other instances where I decided to go either long or short on it). Here, it's another simple short at 1.228 as the take profit zone. I'm not ruling out the possibility of hitting 1.284, and if it does, I'll add more there. Of course, I'll also adjust the stop-loss zone for a risk-reward ratio of 1/1, maybe even 1/2. These are relatively safe trades, and I don't believe the macroeconomic aspect with GBP will cause USD to lose ground, so I'm quite confident about it. Enjoy, and let's make some money here.

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I think is enough for me after getting in full position at 1.284. Good one :)

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