Retest of the level (4/8)

04 February 2016, GBP/USD

Retest of the level (4/8)

Four-hour chart of GBPUSD. The goal on the top level of support and resistance (4/8) has been reached. Now the pair is going through correction from this level. THe target for a pullback is the four-hour line of SuperTrend, from which we expect the new upward wave and retest of the level (4/8), and break this level with a great probability.

Trading solutions: buy from the four-hour line of SuperTrend

Nikolay Krishtopov
FreshForex Analyst
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