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Wait for the price on the level (6/8)

01 February 2016, USD/JPY

Wait for the price on the level (6/8)

4-hourly chart GBPUSD. The pair continues the movement up. Here the nearest level that is able to influence the price is the level (6/8), from which we wait for the correctional pullback to the area of 4-hourly supertrend. Only in the case of breakthrough and price fixing under 4-hourly supertrend band we can see the variant with price reverse down. Trading solutions: sales from the level (6/8), but only in the case of the price reaches the 4-hourly supertrend before.

Nikolay Krishtopov
FreshForex Analyst
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