GBPUSD Breakout will be glorious ..

Hello everyone this is my idea for GBPUSD on daily time frame ..

Few things to point out on my analysis before we discuss our plan as (bull/bear)

Price is trading between red line and green line ..
Blue line is a downtrend line since 2016 which was broken and now should be good support .. Brexit news can cause volatile markets .. so alot of fake outs can happen
but overall the trend is uptrend as long as ( green line hold as support ) daily candle close below green line look out below ..
Price seem to be getting narrower same time RSI indicator could give us a hint of a breakout if breakout happen in any direction ..

Our plan as bull ( buying thesis )
You wanna buy from blue line to target red line .. ( daily close below blue line is our stop )
You wanna buy from Green line to target red line .. ( daily close below Green line is our stop )
You wanna buy if price close above red line to target new highs .. as long as red line hold as support ( no daily candle close below )

Our plan as bear ( selling thesis )
You wanna sell from red line to target blue or green line as long as red line hold as resistance ( no daily candle close above )
You wanna sell if price close below green line to target new low .. ( as long as green line hold as resistance ( no daily candle close above )

for any question feel free to ask :) and good luck traders

Comment:

for sell stop loss got hit ..
for buying new trade started also i posted new analysis ..