Bears are starting a counter-attack

15 March 2016, GBP/USD

 Bears are starting counter-offensive

The four-hours chart GBPUSD. In last analysis, we marked importance of (6/8) level for bears. As we can see they has caught the initiative. Result of decrease was break through of the four-hours Supertrend line. And it is could change possibility of continuing further local price rising. Nest level on which bulls can resistance was the main support/resistance level (4/8). This is the strongest level in the system and it is important for bulls and bears.

Trading decisions: if you opened short yesterday it is possible to fix some part of sells. New entrance points looking into fore-hours Supertrand line.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call