GBP/USD: 4-hour
Long or Short: Short
Entry Point: 1.5480
Stop Loss: 1.5550
Profit Target/s: 1.5300
Reward-to-risk Ratio: 180 to 70, or about 2.5:1
Trade Rationale:
Mostly a technical trade. Stochastic overbought, GBP/USD at top of rising channel.