FX:GBPUSD British Pound/U.S. Dollar
The GBPUSD has been setting higher lows for some time now. On the hourly chart we see the *potential* of buyers coming in to create another higher-low. Ideally, our stop would be below the previous low at 1.5630, however that does not give us a great risk/reward ratio. Instead we will assume that the wicks seen on the hourly to be the early signs of a new higher-low and a stop will be placed right below that at 1.5675.