GBP/USD (Short... yet again!)

Yes.... that is how bearish I am for Cable. Yesterday, shortly after I closed the trade, the Cable rallied 200 points to a high of 1.445. I was extremely lucky to had escaped in some sense. For a volatile pair such as this, it is perhaps wiser to be prudent and thread carefully. Nevertheless, I still see opportunities in shorting this pair. So I am initiating a short order at 1.44 and let's see if it hits my trigger.

Update 1
The trade triggered this morning but I did not get lucky this time. The pair went against me and I took a loss for 60 pips at its peak around 1.4460. The pair is really more resilient than I thought. Guess I should not be so stubborn. Discretion is the better part of valor. Best stay on the sidelines and watch till the trend becomes clear. Bank of England will make a rate decision tomorrow. Maybe its wiser to re-visit this pair after decision has been made