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We are expecting correction

24 February 2016, GBP/USD

We are expecting correction

The four-hours chart GBPUSD. The aim on level (-2/8) has been reached and Murrey levels have been redrafted. Price have overcome level (3/8) and now it continues decrease. We can expect correction up pullback from current levels. The first aim is four-hours Supertrend line from this level we can expect beginning of new decreasing wave.

Trading decisions: sell from four-hours Supertrend line

Nikolay Krishtopov
FreshForex Analyst
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