Log in

Bears test main support level

16 March 2016, GBP/USD

 Bears test main support level

The four-hours chart GBPUSD. Pair has risen yesterday aim on main support/ resistance level (4/8). Price now tries to consolidate under this mark. So bears can stablished there domination. I’ ve marked in last review that this is main level and if bears have broken this level through it will opened way for further price decreasing. Level on which bulls can return their positions was on (2/8) level. Buyers can have initiative if price could consolidate above (4/8) level, but it would be difficult.

Trading decisions: sell from the four-hours Supertrend line

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.