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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.