GBPUSD Short then Buy

FX:GBPUSD   British Pound / U.S. Dollar
The pound has approached a daily value area and looks set to go down.
I have entered a short and will take profits at the daily Support and Resistance flip and will thereafter reanalyse for medium term buys.

Look at the bigger picture. View the Weekly chart.

I am a Position trader and as such this trade is only a small portion of the overall trade that is earmarked for the rest of the year.

I will post the buy once stop losses have been hunted below the above mentioned daily S/R Flip

Goodluck and please comment your thoughts and charts
Trade closed: target reached: sell trade hit target last week. Check the buy posted seperately
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