4hr GPBUSD
Long or Short: Short
Entry Point: 1.6060, 1.5890
Stop Loss: 1.6000
Profit Target/s: 1.5650
Reward-to-risk Ratio: a little over 2:1
Risk percentage: 0.6% on both positions
Indicators used: none
Trade Rationale:I already shorted the pair earlier. But I think that price will soon break below support at the neckline of the double top. I think that if we hear more bad news from the euro zone we will see risk aversion spook traders.
Trade Adjustments: I already looked in some profits on my initial position. I will add another one at the break of 1.5900 and move my stops to breakeven.