FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
55 0 0
From the monthly time frame we see this pair in a clear down trend. Therefore I would take only short trades on this one. Looking to go short when oversold, clear break of counter trend and maybe a high uturn candlestick pattern. Perhaps around 1.4440
Profit target would be weekly pivot at 1.4268
stop loss 15 pips above high of uturn at 1.4459
Reward: 170 pips
Comment: Trade was good for 100 pips!
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