TradingView
Prome
Sep 26, 2016 3:05 PM

GBPUSD LONG TRIGGERED! Long

British Pound/U.S. DollarFXCM

Description

-CLEAN BREAKOUT FROM THE 1H DOWNTREND TL

-RSI DIVERGENCE

-MY TARGETS ARE BASED ON OTHER RESISTANCES SUCH AS
BIGGER TIME FRAME TREND LINES (4H)

-WHEN PRICE CLOSE ABOVE THE EXTERNAL DOWNTREND LINE
IT COULD REACH THE LAST HIGH AND MAYBE MAKE A NEW HH
(WE ARE IN WEEKLY PENNANT MADE BY HIGHER LOWS AND
LOWER HIGHS).

Trade closed: target reached

The first target was reached (the internal trend line). I did not take profit, just moved my sl to breakeven

Comment

Price is actually facing the external trend line resistance... if we have a close above it, price will get much higher.

Trade with care!

Trade closed manually

closed at BE
More