What we are seeing with GBPUSD is a long term downtrend on the 4 hour & 1 Day charts. Therefore, from a scalping point of view, I have noticed we are currently sitting in the support zone and running out of momentum. I will be waiting for the price to break the trend line before entering a Long position. In addition to this, the Stochastic indicator is also indicating a retracement as it has been over sold. What are your thoughts?