Pound dollar is approaching a broken structure

hey traders,

after a long consolidation around 1.27 level, yesterday it finally was broken.
As it often happens, many traders missed this breakout and now looking for entries.
Touching 1.25 we see a pullback, the market is steadily going up to the broken structure.
Obviously, many traders set sell limits on 1.27 and are waiting for a position opening.
We can do the same.
I underlined a zone for you, depending on your strategy pick the most appropriate entry.

my stop will be above 1.29!

the initial target is based on structure!

good luck!

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تعليق:

hit the zone