GBPUSD, 4hr tf, buy on channel breakout
Updated
Based on the 4hr timeframe we could see a descending channel on this pair.
Today we got a solid candle close outside of this channel. Not only price closing outside of descending channel but also above the structural resistance.
Buy GBPUPSD 1.2420
Stop loss 1.2355
Take profit 1 @1.2480
Take profit 2 @1.2540
Today we got a solid candle close outside of this channel. Not only price closing outside of descending channel but also above the structural resistance.
Buy GBPUPSD 1.2420
Stop loss 1.2355
Take profit 1 @1.2480
Take profit 2 @1.2540
Trade closed manually
after hitting tp1 price continue to go up until 1.2530i already closed my position at 1.2520 and took +100 pips profit
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