FX:GBPUSD British Pound/U.S. Dollar
This is a medium risk set up on the 4H timeframe for GBPUSD . As we can see we have a pin bar rejecting the descending trendline suggesting another downward move possibly retesting the bottom trendline. A breakout to the upside would obviously invalidate our set up, however it would likely present us with an opportunity to go long after a clear break of the trendline.