GBPUSD Setup - 20 Jun 2011

Been very busy with my work recently. Opened my chart today and saw so much movement since last week. After realised we have a new HH and i waited for price to retest the TL which it did. I placed a pending buy order at 1.6140 with SL looking at 1.6090. 1st TP looking at 1.6200 and final TP at 1.6260 (50% fibonacci retracement on H4)

EP: 1.6140
SL: 1.6090
TP: 1.6200 & 1.6260



Trade update: Closed at 50pips profit.