digitaltradingfx
Long

GBPUSD Long #forex #currency #dollar #money

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Long on close above trendline and 0.764 Fib. The pennant break to the upside is also a good sign that there is more upside to come. I expect the upside move to be equal to the pole of the pennant represented by the red arrow.

Enter Long once the 1h closes above 0.764 and set TP to +140 pips of original Entry.

TP 1 as usual is 55% of total TP
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