GET READY TO BUY GBPUSD
The GBPUSD pair is currently trading inside a consolidated triangle pattern in the 30 minutes chart. Luckily for us, this type of triangle is an ascending one showing that the price of GBPUSD is going to move up once prices broke outside the triangle upwards. As a matter of fact, we hope to be buying this pair once prices broke outside this triangle from above. But if prices broke downwards, the signal is no more effective and we will forget about trading for now. You can set a buy stop order to buy above the current price at 1.4100. Take profit at 1.4200
Summary: place a buy stop order for GBPUSD at 1.4100 and set take profit at 1.4200. stoploss is -60 pips
HAPPY TRADING
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