Strategizing Short Positions on GBP/USD for Maximum Profit

23 May 2024

After closing the GBP/USD position at 1.23, I will open another short position on this pair because, as often happens in FX, you usually have 2 or 3 (sometimes 4) chances to take a short position on the same valid setup. Therefore, the next position will be opened around 1.281 with a 1:1 stop-loss ratio, as I usually have on FX pairs, and without worrying about a 1% loss, as there is a greater chance of profit in a swing position. So let's all make money on this pair.