GBP/USD: Short @ 1.5596 is up 700 Pips!

After missing my long opportunity on the GBP/USd pair I was forced to be patient. I was patient and waited for a good shorting opportunity and it came at 1.55 I entered a short and only 2 days later it's up 700 pips! This pair can really tell you whats happening in the market and after watching the USD fall against the CAD I was ready to catch the GBP fall if the USD corrected against CAD. Well today the USD is correction and the CAD is falling against USD the other pair I watch is GBP/CAD add in the EUR/USD and the EUR/CAD and you got the majority of market action for most of the majors. I dont' throw the YEN in there since the YEN is on it's own terror and is decoupled from the majors.

For now this pair is down and I'm hoping it returns to it's previous lows so that I can scoop a good long after closing this short.