GBPAUD breakout British Pound/Australian DollarFX:GBPAUDborebreakoutcurrently the price is in the middle of the 1h zone we can expect 3 possible scenarios when the price shows its direction towards one of the two zones, be it sell or buy The first scenario is that the price bounces off the zone in that case after bouncing off the zone and engulfing the candle in that direction we can open a position if it bounces off the upper zone and makes a bearish engulfing candle we open a sell and if it bounces off the lower zone and makes a bullish engulfing candle we open a buy in both cases we set the stop loss 10 pips outside the zone The second scenario is that the price makes a false breakout in that case we do not enter the position In the third case we have the option when the price breaks the zone and as long as the candle closes above the zone we can enter a buy above the upper zone or a sell below the lower zone in both cases we set the stop loss 10 pips inside the zone