GBP/USD - Possible pre-breakout setup Short

British Pound/U.S. DollarFXCM

Description

⋅ Aug 22, 2016 6:01 AM

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

⋅ Aug 22, 2016 6:33 PM