manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

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:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .