manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

We expect the price at (6/8)

05 May 2016, GBP/USD

We expect the price at (6/8)

Four-hours chart of GBPUSD. The pair has reached the level of support almost without pullbacks. This support is represented by the line of Daily SuperTrend. As you can see, buyers managed to hold this level, but the current growth is only a correction against the downward movement of the last two trading days. The medium-term priority is still a decline. Therefore, slightly above the four-hours SuperTrend Line we expect sellers to take the initiative and a new descending wave would start.

Trading solutions: we are looking for sales slightly above the four-hours SuperTrend Line

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .