This is a continuation of my last idea in which I showed the short position that I had taken up on GBPUSD. Whilst I am still short on this pair for the time being, that will change when price reaches the 1.40988 value. Once we get to the bottom of the trading range, around 1.40988 I will be watching for a sign of weakness below our range. Once we have had that move below, pull back into the trading range, and finally the test of our new low, I will enter long. People that are comfortable with more risk may choose to enter their long position before pulling back in to the trading range. Even a conservative long position opened at the bottom of our range will return 20% of initial investment.
