FX:GBPUSD British Pound/U.S. Dollar
The GBP/USD broke down from the Kumo, it is now retesting the flat kumo bottom, and the kijun sen resistance line. The pair is trading at equilibrium, and is slightly at higher levels on . All in all, we like taking trades of this nature, trading with-the-trend, at a point of market equilibrium, with a clear stop above the kumo level, and a clear plan of trailing stop according to kijun.