GBPUSD Trade Setup - 11 Mar 2011

With price failed to break asian high as well as previous support turned resistance, i placed a sell order at 1.6055, SL set at 1.6080. Trade was triggered 0236hrs GMT.

EP: 1.6055
SL: 1.6080
TP: 1.5990



Trade update: TP hit. 65pips profit