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

=====
www.ForexPositive.com
Twitter @ForexPositive
=====
SmartTradingFX
a year ago
Agreed! Would you wait for the break above close above then the pull back for entry? Or buy the breakout straight off?
Reply
Forex Positive PRO SmartTradingFX
a year ago
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. :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out