GBPUSD - Trading the Up-Movement - Trendline Bounce

Hi Traders!
The market is in an Uptrend.

As you can see the market is at a Daily Resistance.
That is the barrier it has to BREAK to reach the next Level.

This idea is a combination of a "Bounce and Breakout".
These Structure Levels are supporting the idea:

• The (pink) Trendline which is giving Support and giving pressure to the price.
  
• The 50 Exponential Moving Average which is highly respected by Traders and Trading Robots.
  

The SL is under the Trendline.
The Target is below the next Key Level, where a possible Change could come.

We recommend to close the Trade when the Price don't break out of the Resistance.


Thanks and successful Trading :)!

Comment:

Here is the RED BOX you were looking for:

Have a nice day :)