TradersClassroom
Long

GBPUSD Potential Long Opportunity

FX:GBPUSD   British Pound/U.S. Dollar
167 0 2
AS a technical trader I have to trade what I see and I see that this pair has broken a pretty nice resistance line and is retracing back to it. This line has many areas of former support and resistance not to mention it gives a pretty good risk reward. I will be looking to long this pair on the open as long as it does not do some crazy gap. If it breaks the line then continued short bias will ensue. I talk about this setup and more in this weeks Weekend Preview. Check it out here: http://youtu.be/Pt3tHfHETeI
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