Recent trend analysis and strategy! It might help you get richGBP/USD has just broken out of a resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 1.2698
Why we like it:
There is a pullback resistance level.
Stop loss: 1.2635
Why we like it:
There is a pullback support level which lines up with the 38.2% Fibonacci retracement.
Take profit: 1.2797
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci projection.