GBP: Trade in the range and on the breakthrough.

Elections in Great Britain and the ECB meeting may be the cause of increased volatility. But we have an explicit long-term range with levels of support and resistance. A pound can break through support / resistance levels or stay inside the zone at 288 points. Trading in the range can be profitable. In this case, consolidation can be formed.

Trade active:

Comment:

Comment:

Comment:

Such a scenario might be a good variant:

Trade closed manually:

I'll wait either to form a continuation pattern of the downward trend, or to form a medium-term model.

Result: Loss -50 pips + commission, initial profit factor 5.