GBPUSD Short Swing Trade Idea

This pair came to my attention at the end of Monday's daily close as we can see that it broke a previous structure level and is now testing it as resistance. We can see the dominant trend which is pointing to the downside and we see that the next swing support level in this trend is near and with possible further weakness, we could potentially break lower.

This setup is very clear as we have trend, structure and candlestick pattern conformation all lining up in order to look for possible entries.

I have already entered this trade at 1.36284 and placed my stops above the recent highs on the daily chart at 1.36750 and have selected a take profit at the previous lower-low of this trend. If this pair produces large bearish candles, i may move my take profit target lower to catch the maximum % on this trade however, the minimum i am aiming for with my risk management is a 1:3 risk to reward.

Good Luck on the charts :)