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

Bulls had run a brilliant counterattack

25 May 2016, GBP/USD

The four-hours chart of GBPUSD. Bulls had not just to managed to hold the price above the support on the daily SuperTrend line, but also run a brilliant counterattack and the price is proof-testing the main resistance level (8/8) now again. At the same time, from the current position, there is a great probability of breakdown of the level of the from bottom to top. The nearest goal here is (+ 1/8). Sales are not considered as long as the price is above the four-hours SuperTrend Line.

Trading solutions: close sales at break-even from the SuperTrend weekly line (1.4611). We shall enter into Long positions from current levels targeting 1.4709 (+ 1/8)

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 .