Bearish for GbpUsd

٢٣ ديسمبر ٢٠١٥

Short Term Bearish of 90pips for Sterling Pound
Yesterday price Break lower, today pullback for retesting.
Price hold by Fib Level.
Expect lower price around D's extension - 1.4784

٣١ يناير ٢٠١٦

أغلقت الصفقة: تم الوصول للهدف

To me this is quite a proper SL allocation trade.
It had a pullback for quite some pips, almost reaching my last line - my protective stop.
However, with the correct way & allowable space to give the price breath eventually turn the situation.

If you notice, the price structure formed a Running Double Top Formation.
Price break the neckline & goes all the way down to target.