GBPUSD Daily - Breakout From High & Tight Flag...Finally

I'll often get asked "Akil, how long should we wait for a setup?" And the answer is as long as it takes. My general rule in trading is that the market will do whatever it wants, whenever it wants to and we're simply here for the ride.

Welcome to the GBPUSD, a pair that has been on our breakout radar for a few weeks now and after giving us some small positive signs on the lower timeframes (a smaller consolidation near the highs) we've finally broken out. My expectation is that we'll see an extension to anywhere between the 1.31 & 1.32 levels so there's a good amount of room to take advantage of this opportunity from both a swing & day trading perspective.

If you want to see a video of the initial analysis please see my Youtube video titled "The Best Time to Trade Patterns" & jump to the 5 minute mark

Good luck in the markets this week traders & I wish you guys a very happy & productive December!! OH! Also please remember to hit the THUMBS UP button before you leave & feel free to leave me a comment if you have any questions about the setup or if you just want to share your views.

Your Trading Coach - Akil