A signal with a trendlines sometime confusing many traders, since there are many understanding of "breaking a trendlines". As for me breaking means "Penetrate, close on the other side of trendlines, And I prefer to wait the price to retest the trendline, then enter a trade.On this chart, you can wait the break or the bounce, but since the trend still up, Im favoring the bounce.So please prepare for it.
GBP-USD
A Head and Shoulder setup :) it's always good.why? the Project profit always awesome :) and the risk usually low since we enter on the break ok the neckline.
Both of this setup worth a watch to me.I hope it will worth to you too.Thx
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