coil break down GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
53 3 3
setup ~ coil on 4 hr             chart in a downwards channel - at edge of h&s breakdown potential
trigger ~ break of spike lows at coil edge on 4 hr             charts

entry ~ 1.40482
stops ~ 109 pips
targets ~ 109, 218, 327 pips
gbp news report 4.30 gmt ... all open orders cancelled heading into news event
markets are stagnant at present - not much movement here ... exiting at breakeven on my enteries

will reconsider a re-entry with a shortened target around 1.40 round nos
trade has been triggered - note that i dont hold positions into weekends and will typically not initiate new positions on fridays after 8 am et.
If a trade is triggered thursday evenings ... i will be looking to exit earlier aswell heading into Fridays. For this pair 1.40 round nos could be an area of early exits
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out