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SynergyTradingSetups

GBP/USD BULLISH BREAKOUT 3-1 TRADE SET UP

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
SynergyTradingSetups  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD GBP DXY Bullish Patterns bullmarkets
2
0
trendanalysis indicator chartpattern gbpusd gbp dxy bullish bullmarkets
As stated in my DXY trade set up a few days ago the GBPUSD pair and stock market should've been watched for bullish reversals.
- The GBP/USD pair is sitting under resistance and breaking out of a triangle after an initial impulse up.
- What were looking for is a breakout and confirmation of the triangle. And then a break of the resistance marked by the orange dotted line.
- Then the trade would be as shown.
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