GBP/USD – Buy Entry

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The GBP/USD Pair, Price has been trading within a Channel Pattern on the H1 chart, forming consistent higher highs and higher lows. Price action is now testing the upper boundary of the Pattern, signalling a possible breakout.

Market Context:

1️⃣Strong Upward Structure Inside the Pattern.
2️⃣Buyers are showing strength near Resistance.
3️⃣Breakout above the Trendline indicates Momentum continuation toward higher zones.

Trade Plan:

Entry: Buy after Confirmed Breakout above the Resistance (H1 candle close above trendline or retest of the breakout).

Take Profit (TP): At the Key Zone – a Major Resistance area identified ahead.
Stop Loss (SL): Below the Pattern Structure.

Psychological Discipline :
1️⃣Stick to plan – No Revenge Trades.
2️⃣Accept losing trades as Part of the Strategy.
3️⃣Risk only 1–2% of your account balance per trade.

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