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Breackout

GBP/USD [1DC] 80% Short / 20% Long. Go short or wait for the BO.OANDA:GBPUSD Hello again, I intended to analyse this pair with Heikin Ashi to remove as much noise as possible and clarify the idea. Price has reached a very important level where it needs first to retest recent highs."As GBPUSD used to do" then bounce back to the downside and join the channel once again. Our goal is the first previous down-trend line that was broken before and the 20D MA. Alternatively, if price broke out to the upside and CLOSED above the 2 trend-lines. Then we can go long with a good conscious. However, Conservative traders can wait for 1 confirmation bearish or bullish candle to go either ways. Aggressive traders can make a "SELL LIMIT" order from 1.29613 and TP @ 1.25526. Short Profit: 450 Pips Long Profit : 150 Pips Regards and follow me for more ideas ;]
Short
by AhmedMesbah