GBPUSD with a possible Channel Breakout
Updated
GBPUSD is currently on a channel with a lot of outside price noises due to high volatility; however, it does not indicate that the channel isn't valid.
News is coming up as the government confidence vote is happening in UK and is forecasted to push down indicated by the tragic defeat of Theresa May
during the Brexit vote.
Trading Levels:
- Entry Price @ 1.28800
- Stop Loss @ 1.29200
- Take Profit @ 1.27900
- Risk/Reward: 2.25
Cheers!
Happy Trading!
News is coming up as the government confidence vote is happening in UK and is forecasted to push down indicated by the tragic defeat of Theresa May
during the Brexit vote.
Trading Levels:
- Entry Price @ 1.28800
- Stop Loss @ 1.29200
- Take Profit @ 1.27900
- Risk/Reward: 2.25
Cheers!
Happy Trading!
Order cancelled
The price has broken to the upside; hence cancelling the whole trade setup.A future GBPUSD trade setup will be posted soon.
Cheers!
Happy Trading!
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