is it time to hunt for GBPUSD short entry with target in 1.60s zone?

[interesting]

what i see here in Libor is interest rate cross over in favor of pound that stalls stock market and real estate prices contrary to US, i think the pair is now forming a peak with target at 1.60 in next half and a year and then may be 2.00 would be stroke

[interesting]

so first probable place for long term entry to watch is 1.996 but of course risking here a bit as a try and adding as long as stocks avgs deepens, my extrem is 2.038
so live and see

[interesting]

stock market still alive and rising so i'm moving entry upto 1.9990

[interesting]

my sell order at 9990 was triggered and i've added some at market today; mid term target 8400 initial stop at 2.04

[socrates]

Why are you risking 400 pips on a short trade during an uptrend?

[interesting]

i gradually reduce my risk when price start to go in my direction, that's my style to enter with big lot and then redistribute it, i always like to do it especially after volatility break-up cause market happens very often to go sideways in this stage, so my initial risk seems to be great but in reality of trading(humans are irrational by my belief) it turns to be very lucrative;
what i may do in the nearest future is to cover 90% of my pos at even numbers and then waiting for another entry to add according to fundametals(they tell me that market recently had traded divergence between M4 and CPI and that BoE wont hike any more) ;

[interesting]

classic tech seems should support my trade
here's a link to broadening top formation (watch it at daily chart)
http://www.baresearch.com/education/...dening_top.php
so the 1st target is the downsloping trendline meaning that Gbp comes to be lower then 9200 then we need to expect rebound

[interesting]

if u look at weekly u can see that there was an ascending triangle formed in 2006 broken in Nov. the same year with calculated target at 2.0266 - next short entry opportunity for me - since we've got model in model trading which per se should bring extreme choppiness into nearterm weeks play