Gelium

GBP: Range break.

Long
Gelium Updated   
FX_IDC:GBPUSD   British Pound / U.S. Dollar
For more than 12 trading days, the pound is in a small range. A break in the range can cause a short-term movement with a target of around 160 points. In my opinion, it is more likely to move up.
Trade active:
Stop moved to zero.
Comment:
Idea for exit:

Trade closed: target reached:
The position is closed by reverse:
Trade closed: target reached:
Result: +195 pips - comissions. Started Profit Factor > 20 for long-term target.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.