Bearish for GbpUsd

Dec 23, 2015

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

Jan 31, 2016

Trade closed: target reached

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.