So Busch has a plan. "I want to take advantage of the selloff in the dollar to sell the British pound on a rally," he told CNBC's Scott Wapner. But he wants to wait for a lift in the pound: "I think the market got itself way too long U.S. dollar, and everybody pulled back at the end of the week."
Once the pound rises, Busch wants to sell it against the dollar at 1.5925 with a stop at 1.6025, and look for a move to 1.5650.
Todd Gordon, co-head of research and trading at Aspen Trading Group, likes the trade - but he's cautious.
Busch "is playing the range," Gordon says, "which can be difficult."
Gordon agrees that the Monetary Policy Committee's meeting minutes could help the trade, "but keep your stops in place."
You can watch the discussion right here on the video.
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