FX:GBPUSD British Pound/U.S. Dollar
The currency is ranging on the hourly which provides an opportunity for us to look at smaller time frames for trading set ups. We have seen the recent uptrend stall and the bulls appear to be weakening, providing us with a excellent opportunity to get in for s SHORT position and ride it down to the bottom of the range. Trade as specified provides a 2:1 Risk reward profile and stop could be set more aggressively if desired.