Well GBP/USD trade worked out and I picked up 109 pips. I could have got more but there is no need to be greedy. Price went down to the 1.6400 level and has since climbed back to the 1.6500 level. I believe we finished leg1 and are currently in a leg 2 retrace. This retrace I believe is a 3 wave ABC and we are just getting into our C leg of wave 2. If this is correct that would mean we could see price go as high as 1.6600 level. I am going to play it safe and place an entry order to sell at 1.6550 level with my stop at 1.667 to be safe. I chose 1.6550 because this is greater than the 50% fib retrace of wave 1 and less than the 78.6% fib retrace. It also converges nicely with the Andrews pitchfork I have draw in my chart. If price goes higher than the 78.6% then my analysis is wrong and I need to look for a new count. I expect a retrace and an entry during the London session and hopefully tomorrow I will get paid with the beginnings of leg1 of larger leg 3. I look for price to fall to the s2 pivot which is also a 100% fib extention of leg 1 almost on the dot! This level is 1.6258 so I will sell 2 at 1.637 which is S1 and I will set break even on 1 and let it run to S2 level target 1.627 to be safe. Let's see if my idea is correct?