GBPUSD - H4 Triangle Breakout.32740133.210

Potential breakout on GBPUSD setting up on the 4 hour chart. Both RSI and MACD are printing towards a potential pop in price upon a break. Also, with a break of the upper trend line price will begin to trade through the 50 day & 100 day SMAs on it's way back toward the 200 day SMA. We are BULLISH and looking to go LONG on a break around 1.32250.

ENTRY
1.32250

STOP LOSS
1.30865

TARGETS
132.740
133.210
135.000

Published on 10/22/17

Trade active:

Trade Initiated at 1.32250

Comment:

We added another LONG at the bounce off the lower trend line.

We have CLOSED that LONG at 1.32200 and still have our original position open to run

Stop Loss is at Breakeven.

Comment:

Target #1 Hit early this session. We are holding the position long term.

Stop Loss is set to Break Even

Comment:

Moving Stop Loss to 132.350.

Locking in 10 pips profits. Will lock in another 10 pips profit if we see price reach 132.850 - 132.900.

Trade closed: stop reached:

With the recent pullback and USD strength, our SL was hit but not after we secured some profits.