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Boernerer

Bullish move after break of trendline or just a fakeout?

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Boernerer Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
3
0
trendanalysis
Cable broke the long standing bearish trendlone (last retest in June 2016!) and now looks like a bullish move is imminent. If the recent move was jsut a fakeout, a vicious move lower is to be expected, as it will kill lots of bulls stop losses.
Comment:
Cable broke the multi month trendline significantly, We should now look for a nice entry, idealy after a correction back to the trendline.
Trade active:
Nice move with support by bullish news pulling in more suckers. Nice volatility to move out!
Take some profit and let the rest run.
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