Hi all, 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 trend line.
Thanks to Jason and Akil for the learning course on structure analysis and enforcing patience during trading :-)