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glennmercer
Oct 26, 2016 11:13 AM

GBPUSD Wave-((5)) Breakout: Target at Butterfy Long

British Pound/U.S. DollarFXCM

Description

Hey traders! Here's an opportunity to ride the fifth wave up to a potential butterfly. A breakout past the trendline could mean a swift and powerful bullish impulse, which may find itself at the key level at the butterfly completion. Nice R/R on this one. Updates to come as the tide rolls

Trade active

This one's active! Here's the lower TF snapshot:

Comment

Great rally! moving stop to B/E

Comment

Still rising! 3:1 R/R Snapshot currently with a gain of 34 pips:
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