FX:GBPUSD   British Pound/U.S. Dollar
65 0 2
So I posted this chart at the weekend, which stated that if the lower trendline is broken to look for a 2%-4% set of trades, which would of given some nice returns.

The situation is this: The weekly candle has confirmed in-decision and now bam! A bullish candle. I'm looking to sell into this rally, and I feel that on Thursday of this week we may get some news that will confirm whether the bears are still in control.

For now, longs are indeed favored but be careful and ensure that you're out by Thursday midday and be prepared to enter a nice short!

For more information, visit my site where I am developing a host of features for traders alike. http://www.ejfxtrading.com
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