MohammadAbir

Break out and confirmation

MohammadAbir Updated   
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD has reached top label of the H4 resistant label. I could be break the resistant label. Or it could reverse.

If it break the H4 resistant label you can buy in this zone (1.27833 -1.27499) and your
TP-1 would be 1.28966
TP-2 would be 1.29574

If it reverse from H4 resistant label you can open a sell trade from this zone ( 1.27430 - 1.27202) and your
TP -1 would be 1.26304
TP-2 would be 1.25783

Don't forget to move your SL
And you can close half your trade after reaching TP -1 and move stoploss to the entry label and wait for reaching TP -2

Thanks for watching my analysis.
If you like this analysis Please =====> Like or share.
Trade active
Comment:
Target ——->1 reached

Close half of your lot and move the stop loss to the entry label... and wait for reaching target——->2

Thank you
Trade closed manually:
Now you can close this trade

I am closing the trade.....

Thanks for following me
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.