GBPUSD Short SuperTrade - 22 to 1 Win potential

Hello all - DuncanForex here with another trade idea

Happy New Year to you all

With a weekly Bearish Engulfing candle printed two weeks ago and with the retrace climbing up higher last week.

Now with GBPUSD hitting the 61.8% retrace (of that Weekly Bearish Engulfing Candle) on the 4 hour chart - with new lows being made on the 1 hour chart - I entered short this morning.

I am looking for a 7 to 1 on the first entry and a 15 to 1 on the second entry.

I will also be compounding as it cycles lower so expect to make over 30% growth by the time the trades play out.

Keeping in mind NFP next Friday it may be a case of close positions and look to re-enter at a higher , better price to then ride it lower still.

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Thanks for looking at my idea

Safe Trading

Duncan