GBPUSD: WARNING DESCENDING TREND BREAKOUT AHEAD-BULLISH.

Hello traders,

TECHNICAL BUY PLAN: It's more than a month since the pair follows a symmetrical descending trend. However, the price quote gearing for breakout bullish move.
The descending trend acted as a stable resistance; support backup. The signal have a brighter chance for the breakout.
If breakout happens, it may tend a small pullback formation to obtain some potential for up-run. Traders need to pay more attention on the pullback zone. This structure can grab the mark 1.36082.
Unfortunately, if the bear continues any sentiments, end the trade @ 1.28606.
TRADERS PREPARE YOUR GAME PLAN AND MAKE A MOVE.

SIGNAL SPECIFICATION:

Pair: GBPUSD

Order: BUY

Entry: 1.31672

Take profit: 1.36082

Stop loss: 1.28606

Risk Vs Reward: 1.44

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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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