GBPUSD bullish breakout imminent

Orlando Gutierrez

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.

The GU failed to break lower after an attempt last week. We took that short for 100 pips but right after the Monetary Policy Report by the BoE price surge and now is retesting back the 1.3750 level.

This level is super important because price has traded below it since it broke with it for more than 1,000 days and right now it`s retesting it.

Having said that, it´s clear a lot of sellers are placed here but if we look at the lows in recent price action buyers keep pushing price up and making higher lows.

This reversal pattern or wedge has turned into a flat triangle giving us the opportunity to buy a breakout with massive potential to the upside.

Should price break with the 1.3750 we have a clean line of sight to the next key level and 1.618 of the last pullback for at least 250 pips and then to retest the previous highs for a possible 575 pip move from the breakout.

Since buyers keep grinding those lows higher the R on this trade is great.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Leave a Reply

Your email address will not be published. Required fields are marked *