GBPUSD at Major Trend Line
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.