Here we have a possible Trade Idea for GBP/USD. We're looking at GU on the 1H here. REMEMBER Traders this is ONLY A POSSIBLE TRADE IDEA TO WATCH FOR!!! THIS IS NOT A SIGNAL, This trade is not confirmed yet. This is only something to watch for and a possible setup. Nothing is confirmed until we see the initial move to the upside and clean 3-4+ Confirmations. We might see a further push to the downside to the larger blue zone I have marked up. If the price does make a move to the downside this trade is canceled. The only thing we're looking for to make this trade happen is a breakout of the triangle I have drawn up. Once we see a breakout of the Triangle and a CLEAN retest and rejection and continuation to the upside this is where we could see a move to the upside. If all this plays out and we can find 3-4+ CLEAN confirmations we should be looking at a 200+ Pip move to the upside!
JUST A POSSIBLE TRADE IDEA!!! NOTHING IS CONFIRMED OR SET YET!!!
Please wait for the confirmations to activate this trade. If we see a break to the downside do not open a position on this trade. Please comment below or ask in the group chat if you have any questions!
Order cancelled
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Trade was not activated as we saw a breakout to the downside.