asiansupermarket
Long

GBPUSD Long on retracement and six time top test

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             has tested 1.5688 six times already.

The 2 week momentum is flat and today's price action is heading to a high zone of resistance and became oversold.

I expect a retracement to at least 1.565 if the trend continues, then I will throw on a trailing stop and let it ride until it tests the top again.

my trailing stop got hit @ 1.56955 , profit target reached and it is almost ripe for a short now.
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