GBPUSD: Counter-Trend Breakout
This is actually a counter-trend trade that I've been eyeing on the GBPUSD pair. Price rallied from August to October before breaching the trendline.
Earlier this month, I plotted two support levels and now price is breaking and accelerating from the second support level.
ADR: 63.5
SL: 60
TP: 140
Earlier this month, I plotted two support levels and now price is breaking and accelerating from the second support level.
ADR: 63.5
SL: 60
TP: 140
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.