$GBPUSD daily set up

$GBPUSD daily set up

This is a more unusual set up as it is on the daily chart and is looking to open a short trade if price breaks out and makes a daily close below the box. I have set the profit target 1,400 pips away which is a 2009 low. I have not set up The Box to trail the stop, but have set it to move the trade to break even after 100 pips, after that it rides free! Remember the trade will only open on a daily close below the box. A long term play!

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