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GBPUSD Setup - 09 June 2011

After watching price break out of the bearish TL and followed by price rejection at the TL make me placed a buy order at 1.6420. SL will be looking at 1.6390 while TP will be the same as the previous trade at 1.6460 & 1.6500 respectively.

EP: 1.6420
SL: 1.6390
TP: 1.6460 & 1.6500



Trade update: close 50% at 1st TP. Moved SL to BE.

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