because many traders will place their stops
in the same place (below the 2009 & 2001 low).
As a result, I view this trade as very high risk.
Ultimately, I think there are too many conflicting
signals here for GBPUSD , but probability is a
higher pound from here due to the major level
at 1.39. A long trade like this deserves very little
leverage IMO , which may be counterintuitive.
Target @ 1.44