GBP/USD BUY - 12/10/2017
The price has broken out the previous resistance, but the move was smooth and on small volume, so we can't trade this breakout at the moment. But on the other hand, this movement points us that buyers are dominating the market and we, of course, should give preference to long positions. The scenario is similar to the one for the euro: we need to wait for a continuation of the growth on large volume, so we can consider it as a strong bullish signal and put a stop loss below it. A potential of the deal is up to 140 pips.
The bottom line: long positions are in priority.
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