Bulls do not want to give up

11 April 2016, GBP/USD

Four-hours chart of GBPUSD. Bulls managed to retain the price above the level (2/8). The price rebounded from this level up and is now approaching the strongest level (4/8) in the system. This is the second approach of the price of the mark. So, the probability of its breakdown has increased significantly. Growth of the pair is the main option. This option will be canceled if the price consolidates below the four-hours SuperTrend Line. In this case, bears may take the initiative and continue to move the price down again

Trading solutions: purchase from the four-hours SuperTrend line with a short stop

Nikolay Krishtopov
FreshForex Analyst
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