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

A deeper drop

16 May 2016, GBP/USD

Four-hour chart of GBPUSD. Bears managed to push the support level (6/8), thereby discovering new targets for a drop. The nearest is (5/8), whereas the medium-term goal is the main support and resistance level (4/8). Resumption of growth is no longer a relevant option.

Trading solutions: lookfor sale pptions from the four-hours SuperTrend line. Those keeping sale trades can continue to hold their positions

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 .