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Yuriy_Bishko

GBP/USD, Best place to open midterm buy

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Yuriy_Bishko Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD britishpound USD EURGBP Forex EURUSD
29
8
trendanalysis chartpattern waveanalysis gbpusd britishpound usd eurgbp forex eurusd
We can open midterm buy after the price drop down in buy zone 1.2373 - 1.2427:
- Many traders set their stop losses near historical lows, it leads the price growing.
- Potential profit will be in 3...5...10 times bigger than risk.
Comment:
GBP/USD is close to key buy zone
snapshot
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