Wait when prices reaches the level (4/8) | 23 April 2015

23 April 2015, GBP/USD

Wait when prices reaches the level (4/8) Four hours’ chart of GBPUSD. The pair continued its upward movement. The moment when price bounces from the reversal level (7/8) is the one we focus on. So far we have not got any confirmation that price consolidates below the line of four hours’ Super trend. The option with decline of price to the main level of support and resistance (4/8) can be considered as the main. Only break through of the level (7/8) from bottom to top would cancel this option.

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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