Dale_Ansel
Long

GPPUSD - EXCELLENT CASE FOR ENTRY HERE - LONG

FX:GBPUSD   British Pound/U.S. Dollar
497 0 11
Many things I like to see here on the Daily chart of Pound Dollar.

#1. Long downtrend since July of last year at Key support levels.

#2. Last three major impulse legs down have been equal distance moves.

#3. Having 2 major resistance levels that must be overcome to
continue trend will be very difficult.

#4. RSI is at the low of the recent range of movement indicating oversold.

Add all this up and with a Risk to Reward Ratio @ 3:1 - It's a no-brainer.

Good Luck!
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