KVE
Long

GBP/USD: bullish breakout scenario

FX:GBPUSD   British Pound/U.S. Dollar
95 1 4
Going long at market with my SL below the tweezer bottom (below 1.5400 is safer!). Trendline and 1.5500 level was rejected earlier today but now we are back up above the trendline. If we stay above and consolidate a bit then it might take off again towards that higher trendline.

The opposite is also possible, so by all means go short if you think it is more likely!

You could also do a hedge trade with one long position as per my idea and one short position with SL tight above 1.5500 and the high of earlier today. I would then choose my target on the short so that I just cover the loss if my long goes against me. I am seriously considering this!
KVE PRO
a year ago
Still in...
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