GBPUSD, 4hr tf, buy on channel breakout

1 Tem 2020

Based on the 4hr timeframe we could see a descending channel on this pair.
Today we got a solid candle close outside of this channel. Not only price closing outside of descending channel but also above the structural resistance.

Buy GBPUPSD 1.2420
Stop loss 1.2355
Take profit 1 @1.2480
Take profit 2 @1.2540

2 Tem 2020

İşlem elle kapatılmış

after hitting tp1 price continue to go up until 1.2530

i already closed my position at 1.2520 and took +100 pips profit