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TheCryptagon

GBPUSD Buy opportunity for fast profits.

Long
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
TheCryptagon  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD GBP USD Forex britishpound DJ FXCM Index
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trendanalysis chartpattern indicator gbpusd gbp usd forex britishpound usdollar
GBPUSD is trading inside a Channel Down on the 4hour chart.

The 4hour RSI is heavily oversold under 20.00 and the 4hour MACD is close to form a Buy Cross.

Every MACD Buy Cross in the past 30 days has delivered a minor rise.

Buy when this Cross is formed and target 1.2220 (under the 4hour MA50).

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