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

A deeper drop

07 April 2016, GBP/USD

The four-hours chart of GBP USD. The pair reached the target level (2/8) and quickly bounced off it. At the same time, it has reached the next and very important level for correction (4/8). At the moment, it is the key level for sellers and if they can hold it, we can see the price at the level of (0/8) in the medium run. The nearest goal is the level of (2/8). To resume the upward movement, buyers need to be consolidate above the level (4/8), only in this case we can seriously consider growth of the pair.

Trading solutions: sales from the four-hours SuperTrend 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 .