GBPUSD - 25 Feb 2011

After seeing price failed to close upwards along the TL. I placed a pending sell order below the red engulfing candle. Within 25 minutes, my trade got triggered at the price of 1.6110. I will close 50% of my profit if price hit 1.6030 and will move SL to BE.

EP: 1.6110
SL: 1.6170





Trade update: 50% profit closed at 1.6030.