GBPUSD : A Trade based on trendlines

FX:GBPUSD   British Pound / U.S. Dollar
In GBPUSD             , I m looking at trade opportunity purely based on trendlines . So the breakout direction will decide my entry, while I m posting this it looks like Breaking down but not yet. Decide your risk reward before taking any trade.
Happy Trading !
it broke both lines, upper and lower. where will it stay? let's see..
InsiderB fxfxfx
Breakout patterns like these has big drawback, that's known as false breakouts. To filter that, you may decide based on higher timeframe direction but that also not 100%,We traders should be ready to accept losses at times.
+1 Reply
up or down now ?
+1 Reply
InsiderB claudegeneva
If we get valid break n close above upper trendline - I will enter long, viceversa for short. Moves within trendlines are for very aggressive traders,highly risky !
InsiderB claudegeneva
Anytime, You're welcome !
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