High Probability Breakout trade

GBPUSD produced the perfect high probability breakout trade today. Market Flow and Momentum were bullish. Trade closed for a solid 50 pips. 

These are highly selective trades where 8 factors must be aligned prior to trade execution. I have found that the market tends to produce an average of 2 to 3 such high probability trades per week. Sometimes, 2 to 3 per month! This type of trading requires extreme patience and discipline. Its probably not the type of trading for those seeking thrills from the markets. Slow and steady. 

GBPUSD                             BUY

ENTRY                               @ 1.5980

PROFIT TARGET        @ 1.6030

RESULT                           + 50 PIPS