CURRENCYCOM:GBPUSD British Pound / U.S. Dollar
The market is currently in an uptrend which is shown in the 1 day time frame. Either the market is gradually go up to the one month time frame (direction is shown by the BLUE arrow) or it is going to go up towards the mid range time level (more easily seen in the 1 week time frame) and then going to return back down after failing to break through (direction is shown by the PINK arrows). If a lot of sell orders are placed / opened, then the market will go down towards the 1 day time frame and will either break through or bounce back (direction shown by the green arrow). This setup is great for making small profits over a short period of time (5-15 minutes) because thee are 3 main ways the market could go and each of the ways can lead to pips.