GBPUSD - 1h - Breakout
A very similar setup to the NZDUSD one, so try to maybe trade one of them diffrently. maby wait for another consolidation after the breakout for one of those and then trade that breakout on a lower timeframe.
advantage of GBPUSD is that we just went straight south all year so far, so the upside potential is pretty big.
advantage of GBPUSD is that we just went straight south all year so far, so the upside potential is pretty big.
Note
took half of the position off here and stops to breakeven. dont wanna get caught in a resistance meltdown. other half up to 4533 for the 1618 extention.
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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.