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Andy_Garcia_CMT_CFTe

GBPUSD at Major Trend Line

Short
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
Andy_Garcia_CMT_CFTe  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD gbpusdshort gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis gbpusd_forecast gbpusdsetup gbpusdsell
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trendanalysis gbpusd gbpusdshort gbpusdsignal gbpusdtrade gbpusdidea gbpusdanalysis gbpusd_forecast gbpusdsetup gbpusdsell
The chart provided is a study in the simple use of trend lines to determine if the trend line established on this weekly chart in GBPUSD suggests that there is more downside eminent in the 'Cable'. As long as the trend line can hold price beneath the trend line the shorting opportunities are to be taken and long opportunities should be ignored. Your stop loss can be placed above the trend which allows for a small risk to a huge potential reward.
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