GBPUSD - is this the next Move Up?

FX:GBPUSD   British Pound / U.S. Dollar
123 6 8
See Chart.
Price forms a falling Wedge/Channel like a month ago.
when the upper Trendline will break I look for Long Entrys.

Comment: Breakout after Correction!
(see comments for Chart)
Based on that strategy alone I would say it is really risky in the short and long term!
P_Parker marcus123
Thanks for your comment.
This is my Plan:
Trendline Break - Waiting for Correction to take Place - and buy the Break of Correction:

Still risky for you? :-)
+1 Reply
marcus123 P_Parker
Not as risky for sure!
P_Parker P_Parker
Breakout of Correction:
Good one, sometimes i also see price history for clues about the future price action.
+1 Reply
P_Parker FullTimeTrader
Thank you
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