The GBPUSD has been moving in a descending channel for the past four months, at the moment we are at the bottom bank of the channel and we have already seen daily reversal candles we now keep a keen eye on the lower timeframe and look for a bullish reversal pattern to justify the bullish move before we can execute a buy entry and ultimately milk some 360 pips. Happy trading week everyone and remember to use a proper risk to reward ratio.