The Gbp/Usd pair had broken the 800sma SurpriseBox on the 30 min chart to the upside. Resistance of 200sma was broken with the move out of the box. The sudden increase in price concurred prior to news event in two days (BOE Meeting). The brake formed a double bottom pattern. Recent high price was surpassed with the expected move afterward.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
