GBPUSD broke the 1 Hour downtrend with an impulse. To confirm the breakout it should correct lower.
I will watch it in smaller timeframes for a second breakout and then i will trade it.
Remember do not jump in a trade BEFORE it confirm the movement
I will watch it in smaller timeframes for a second breakout and then i will trade it.
Remember do not jump in a trade BEFORE it confirm the movement
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It is a short term trade, i move my stop loss to BE
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Trading Strategy Example
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By now you should have already get good profit guys, if not then you should have at least BE trade
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Trade worked out as expected