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Waiting when the price will hit level (6/8)

12 October 2015, GBP/USD

Waiting when the price will hit level (6/8)

The four-hours chart of GBP USD. The pair could not break through until the main support and resistance level (4/8) upwards. Therefore, the main expectation is a corrective pullback to the support level (2/8). This option will be canceled in case of breakdown and consolidation of the price above the level (4/8).

solutions: sale from the week SuperTrend line.

Nikolay Krishtopov
FreshForex Analyst
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