FX:GBPUSD   British Pound / U.S. Dollar
263 1
Short were squeeze at 1.5955 zone , prompting short covering. We are long @ 1.59790 with small leverage for a re-test of 1.60800 zone. First take profit is 1.60425, then 1.60795. We are comfortable with the fact that the risk reward is more than 1.5
Market invalidate our setup and our trade was exit at stop. We however reduce loss to breakeven by selling short at previous day low stop with a target of 0.5% change (1.59005) from open price (1.59804) at GMT
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