Breakout on GBPUSD

Jul 21, 2020

GBPUSD broke the resistance that was supposed to be our first sell entry and therefore breaking out. 1.27834 is a previous resistance and that's where the pull back of the breakout is expected to occur and that is where the short term sell is to be entered. 1.26495 should be the TP for the sell and the entry for the BUY which is long term because of the breakout happening. this is a 3 hour time frame. the TP for the buy 1.31390.