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
Agreed! Would you wait for the break above close above then the pull back for entry? Or buy the breakout straight off?
Forex_Positive
⋅
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. :)