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

Expecting the price on the level (7/8)

02 September 2016, GBP/USD

Four-hours chart of GBPUSD. The pair has demonstrated a fairly strong growth. It was not just breakthrough of the major support and resistance level (4/8), but reach of the next level (6/8). Now this mark is holding the price, but it is worth noting that this is not the strongest level in the system and upon a a strong attack of buyers, it is unlikely to withstand. Therefore, the main option is growth targeting the reversal level (7/8).

Trading solutions: buy on the four-hours SuperTrend line 1.3243 with target at level 1.3367 ( 7/8)

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 .