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GBPUSD Trade Setup - 15 Mar 2011

The earlier failed trade had proven that bull steam is running out thus i begin to look for sell entry. Managed to find a setup after price closed below the up trendline. I placed a sell order at 1.6050. My trade was triggered at 0917hrs GMT.

EP: 1.6050
SL: 1.6110
TP: 1.5920



Trade update, 1000hrs GMT: Closed 50% profit at 60pips. Moved SL to BE :)

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