19 May 2015, GBP/USD
Daily chart: our yesterday's scenario is being fully justified and we can wait movement to the middle Bollinger band (1.5342)
Н4: break of the bottom Bollinger envelope is also a strong short signal. However, this scenario allows for a preliminary pulldown to the middle line. Though ADXis so strong that no correction may be required.
Н1: the same picture is here but it is overbought and ADX has not reached a required level yet. Technically, a return to the middle band is possible (1.5646),
Expectations: So, we are waiting when the point 1.5342 is hit. Theoretically, we can enter this movement if a pullback to 1.5646 is perfromed.
1) We keep sales open to 1.5342
2) We sell from 1.5646 to 1.5342
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