GBPUSD watch for break

FX:GBPUSD   British Pound / U.S. Dollar
278 4 13
GBPUSD             is about to break out of its short term structure. I favor a bullish move to test at least 1.455 but we have to keep an open mind and trade what we see. So I'll either be looking for 1.455 or 1.43.


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If we see a break below yesterday's low I will not be looking to buy anymore until structure tells me differently. If we see that happen, I need at least a new impulse higher and consolidation for a buy. On the other hand a bearish break and continuation is very likely because we are in a consolidation of higher degree, however I prefer to see a more significant consolidation first, hence a short term buy opportunity first. I will update a potential sell trade later today.
I dont know I am right or not .
TimStuyts SamehAnwerMohammed
Yes looks good, But on the other hand a rejection of the potential break followed by a bullish break means a buy trade. I still favor a bullish move but we will see.
it breaks now
TimStuyts LukaszMosinski
trend lines are for visualization. keep an eye on structure (impulse-consolidations) so what I do is entering after a minor consolidation after an impulse. This can be done both before as after the break of trend line as long as you manage your trade well.
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