21 May 2015, GBP/USD
May 21 of 2015, GBP/USD
Daily chart: Bulls retained control by forming yesterday's inside bar in the area where downward swing potentially ends. It is still probable that the price may hit 1.54 (the middle Bollinger band), but we can start looking for sale points now.
Н4: Active ADX allows to reply on upward movement. But we will leave the plan with a possible touch of support line from the bottom Bollinger band (1.5434)
Н1: Here a flat scenario is coming (like we talked yesterday) and today picture is still the same. Therefore, a main expectation for this trading session is fluctuation of chart within the range 1.5518-1.5584
Expectations: Flat 1.5518-1.5584
1) Purchases from the area 1.5518