GBP/USD. The price may begin an upward impulse movement. | 10 May 2024

10 May 2024, GBP/USD

GBP/USD. The price may begin an upward impulse movement.

The situation with the GBP/USD pair is unfolding as expected. During the previous trading day, the price sharply plunged, reaching a new local minimum and triggering many buy positions' protective stop losses.
Now, the opportunity arises to move in the opposite direction, especially considering the evolving wave pattern. Presumably, the observed rise is driven by the development of wave 3 of the upward impulse.
Given that this wave is just beginning to form, there's a chance to enter at favorable prices at the outset of a potentially strong and sustained movement.
Investment idea: Buy at 1.2530, with a stop loss at 1.2500, and a take profit at 1.2700.
Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus