Daily overview for GBPUSD - 12 Nov

With yesterdays strong upside movement price has broken above current descending trendline and probably currently moving down to retest in order to move higher..
We have 3 possible setups
1. Price moving low and testing trendline and bouncing , so we can buy from there..
2. Price breaking above current corrective structure and moving higher towards top of the price long term trendline giving us buying opportunity..
3. Some good fundamental news and price shoots up again finding support from long term descending trendline which is above the price from where we can sell ..

In daily outlook we are looking only at technical picture of Pair : Please also consider fundamentals while trading...

You can trade this breakout with our Daytrade Ea without waiting ..
use lines as per chart : -
BB line ( Buy breakout) at short term correction descending line
TB Line ( Buy on touch ) at descending trendline which price has broken above and currently going to test.
TS Line ( Sell on Touch ) at top of price descending trendline ..so if price touches that line EA will enter sell trade..