Pound is keep showing weakness against Dollar. Even though shorting at the Range High seems like a good idea, there is still untouched liquidity above. This setup gives a better R/R although being less likely to happen. Playing safe is important.
Entry: 1.2419
SL: 1.2511
TP-1: 1.2211
TP-2: 1.2111
TP-3: 1.1971
R/R: 4.87
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.