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Fx-Lo
Jan 4, 2020 3:54 PM

GBPUSD Triangle Breakout within first 2 Trading Days Long

British Pound/U.S. DollarFXCM

Description

Currently seeing a Bull Trend shaping up nicely if this continues with more momentum up but if this breaks down expect a sharp fall towards 1.29 or even further if support doesn't hold.

Long Trade- Watching for a breakout up past 1.3195 area (Aggressive Trader Entry), Pulls back towards this same level after testing 1.324-1.325 and if we see new support hold then excellent entry again at 1.3195 area.

TP1- 1.328-1.33 (100~ pips)

TP2- 1.338 (195~ pips)

TP3- 1.352 (320~ pips)

SL- 1.3155 (35~ pips)

Bears had their fun let's see the Bulls run wild this week without any bears holding the market hostage!


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