Took this trade last night when price was near 2.0400 where the price was also bouncing off of. and was channeling on 15M. But breakthrough and trended upward. I was already in with my rules of Channel Breakout setup. GBP News went out during London session and boom, 170 pips when I woke up this AM.
I advanced my stop loss near 2.0505 to lock in some profit in case the price decides to retrace lower. But I beleive the retracement would be near 2.0560 only and would continue up for another 100 or more pips or so toward the north .
Thanks to Jason and Akil for the learning course on structure analysis and enforcing patience during trading :-)
On Good Trade - Chaching !!
Lets watch it.