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Sascha_Gogolin

GBP/USD - Possible pre-breakout setup

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Sascha_Gogolin Updated   
FX:GBPUSD   British Pound / U.S. Dollar
price-action Support and Resistance pre-breakout short shortsetup
2
0
price-action supportandresistance pre-breakout short shortsetup
Possible pre-breaout setup on the 1 hour chart. If the sellers manage to produce a breakout and stay in control an initial move towards 1.2945 is likely and if that level folds, 1.2870 would be the next level to look out for.
Trade closed: stop reached
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