Morning Trade Review
GBPUSD Breakout for Short invalid because unable to break the current low after 3 hour, false breakout may happen.
Breakout for Long entered and profit at least 60 pips.
Aggressive trade had invalid setup.
EURUSD is similar with above scenario.
Overall both trades can profit at least 80pips above.

Today GBPUSD had breakout of the range since beginning of April. The big picture is unclear just like the election of Britain coming soon.
Recommend strategy: "Sell High” + "Buy Low" +to trade in the high and low point in the range, keep Take Profit in your pocket is the best way. .

GBPUSD - Breakout Strategy
Long - EP{1.5418}, SL {1.5391}, TP - 1.5493
Short - EP {1.5371}, SL {1.5409}, TP – 1.5268

EURUSD - Breakout Strategy
Long - EP{1.3468}, SL {1.34411}, TP- 1.3543.
Short - EP {1.3401}, SL {1.3439}, TP- 1.3308
Take Note:
1. To prevent false breakout, the price must broken through EP at least 10~15 pips and retrace back to EP before enter trade.
2. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.

After 22:30 {GMT +8:00 Singapore} the market trends up but failed to break
GBPUSD{1．5418}, EURUSD{1．3468}
When the market is no longer going downward instead it reversed upward, now it is time to enter Long trade, SL is 38 pips away from EP.

After 22:30 the market trends down but failed to break Breakout for Short or false breakout
Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

Aggresive trader
GBPUSD Sell - EP “1.5400”,
EURUSD Sell - EP “1.3440”,
When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.

Take Note:
3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
4. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.

Buy low trader pays attention to the major line of
GBPUSD {1.5250-1.5200}, EURUSD {1.3330 – 1.3250}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

Happy trading!