The GBPUSD moved lower early in the U.K. session, leaving a second lower high for the day. Buyers emerged just above yesterday’s low and the pair began a retracement higher. When it began to move down again it left a third lower high for the day. A short was taken risking 16 pips for a potential 52 pips to our daily target at 1.3848.
We locked in profit before the U.S. session overlap and closed the trade when it reached our target.
Good luck with your trading!