GBPUSD SHORT: Breakout & Retest of The Range

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

Commento:

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 chiuso: obiettivo raggiunto:

T1 hit