InsiderB

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..
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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 !
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thanks
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InsiderB claudegeneva
Anytime, You're welcome !
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