FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             is confined to a 250pips range since 13th July. For about 30 days. Its due for a breakout soon. There is a possibly false break to the downside as highlighted. If GBPUSD             manages to break above 1.5700, then we can see a clean trending move.

Long GBPUSD             on breakout above 1.5700
SL 1.5600
TP 1.5900

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Agreed! Would you wait for the break above close above then the pull back for entry? Or buy the breakout straight off?
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Forex Positive PRO SmartTradingFX
Usually, i will wait for a pull back to enter. However, for this trade, because of the possible pin bar false break i highlighted in the chart, i will enter on the first break out. :)
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