STERLING SHORTS vs. GREENBACK SUGGEST 9:1 RISK/REWARD VALUE
STRATEGY: Short
GBPUSD
on retest of broken support
http://www.fxtradermagazine.com/forex-strategy/fusing-fundamental-and-technical-approaches.php
GBPUSD
on retest of broken support - 2018.04.30: Weekly close below flag support at around 1.36 figure projects a measured move objective to just above the 1.05 big figure.
Shorts for half a position around 1.36 and 1.3750 (avg at 1.3675) with stops at 1.4015 for roughly 340 pips but targeting 1.15 and 1.05 for half positions and roughly 2985 pips provides positive risk:reward value of 9:1.
Fundamentals in line with technical outlook as FED now not just talking the talk but walking the walk of tighter monetary policy.
http://www.fxtradermagazine.com/forex-strategy/fusing-fundamental-and-technical-approaches.php