GBPUSD update

for self education

The classic strategy :
Entry: Take a long position at the breakout of the neckline
Stop: The stop is placed below the neckline
Target: Theoretical target of the pattern
Advantage: A lot of lows are made during the upward movement leading to the neckline so it's easy to set your stop
Disadvantage: Due to an accumulation zone shaping below the neckline, the breakout can be violent and so a large part of the movement could be lost.

The agressive strategy :
Entry: Take a long position at the breakout the bearish slant (example above)
Stop: The stop is placed below the last lowest
Target: Return on the neckline
Advantage: The ratio profit/risk is high because the stop is close
Disadvantage: The pattern is not yet confirmed and so the percentage of a losing trade is higher