GBPUSD Trade Setup - 21 Feb 2011

Saw almost a triple top setup yesterday (daily chart) with price rejection at 1.6260. On H4 chart, inside bar was formed and thus i placed a pending sell order at 1.6220. SL set at 1.6280. As price is still bullish thus i am watching my profit closely. 1.5960 need to be broken to form a new low else we are still in bull trend.



EP: 1.6220
SL: 1.6280
TP: 1.6090

Trade update: closed at 50% profit at 60pips. Moved SL to BE.
SL hit at 2.53pm SG