SJ-TRADES

GBP/USD Prepare to Long the Breakout

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD Pair

Fib fan pull + Fib Ext Pull

Rejected at the .382 or breaks above and pulled back down.

Trading inside a symmetrical triangle and expecting a breakout soon

as we close in towards the apex .

Im expecting a move down to the .618 as displayed in the chart in which case

a long opportunity presents itself .

Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match .

Long from the box with a SL below the last Swing low.

Word of caution * We can also break down from this level as symmetrical triangles

can break either way so exercise your own risk management and define your invalidation !

I will be looking for longs when we reach the Target drawn as Iam expecting more upside .

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