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UnknownUnicorn667151
Oct 18, 2016 2:26 PM

Breakout above 1.23 Long

British Pound/U.S. DollarFXCM

Description

The pair hit the 1.23 twice, however the retracement wasn't hard enough. The pair is gaining momentum, shown by the increase in the bb width, furthermore the pair seems to be trending higer, therefore I think there's a high likelihood of a breakout.
Furthermore the 10 SMA crossover with the 100 SMA, signalling a change in momentum.
Chance to go long whenever the pair hits the support line.
I went long at 1.22524

Stops at 1.22473
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