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patrickindubai

GBPUSD Breakout Long H1

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
patrickindubai Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis gbpusdlong
1
2
trendanalysis gbpusdlong
Market Structure: Uptrend
Area of Value: Breakout of Resistance
Entry: Bullish candle on break out
Exit if Right: Tranches can be trend following
Exit if Wrong: 1 ATR below previous resistance that is now acting as support

RRR: 1:2

Confluence: Break of EMA50 on H4
snapshot
GBPUSD
Trade closed: target reached:
Closed Half the position on TP1. The other half was closed on SL. This is a WIN
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