manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

The price rebounded from the reversal level

14 October 2015, GBP/USD

The price rebounded from the reversal level

The four-hours chart of GBPUSD. Target Level (2/8) has not only reached, but was passed from the top to the bottom. It is worth to note that the price stopped and jumped up from the reversal level (1/8), which implies a return of prices to the main support and resistance level (4/8). Breakdown of the level (1/8) from the top to the bottom will cancel this option.

Trading solutions: purchase in the case of retest of the level (1/8)

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .