The breakout can happen in two scenario's,
1) the smaller channel marked on verge of breakout, so GBPUSD can move straight down from here & We have also which is good
2) Can pullback upwards to retest the upper then moves down breaking the pattern
As its on these scenarios will take time to evolve. Lets keep this on our radar and enter trades in 4h / Hourly based on this.
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Happy Weekend & Happy Trading !!
An whooping 230 pips in just two days in single trade and we are still holding our positions. I hope you guys are making good money out of this GBPUSD trade.
We are expecting 550pips in total which may take time.
If there is strong daily close below our trendline and flag breakout happens..Voila !! We are in for Feast !!
Trade safely checking your stops in 4h or hourly !