GBPUSD - 1h - Breakout

FX:GBPUSD   British Pound / U.S. Dollar
102 2 3
A very similar setup to the NZDUSD             one, so try to maybe trade one of them diffrently. maby wait for another consolidation after the breakout for one of those and then trade that breakout on a lower timeframe.

advantage of GBPUSD             is that we just went straight south all year so far, so the upside potential is pretty big.
Comment: took half of the position off here and stops to breakeven. dont wanna get caught in a resistance meltdown. other half up to 4533 for the 1618 extention.
I'm waiting for this, thank you :)
ur welcome
+1 Reply
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