GBPUSD Setup - 09 May 2011

I am looking for sell setup when price is near 1.6400 especially if price is being tested on the bearish TL. I place a sell order at 1.6380 after an IB is formed couple hours ago. SL will be set slightly above the high of the mother candle at 1.6410. TP will be at 1.6300.

EP: 1.6380
SL: 1.6410
TP: 1.6300



Trade update: adjusted my TP to 1.6240 due to H&S formed on H1 time frame.