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

Descending dynamics with a possible flat

08 June 2015, GBP/USD

Daily chart: the pair is based in the bottom envelope even in the middle of the range, so we need to wait when the price will respond to the bottom/ middle Bollinger bands. Break of support 1.5149 will enable a more significan decline.

Descending dynamics with a possible flat

Н4: here is the range of envelopes 1.5227-1.5413

Descending dynamics with a possible flat

Н1: resistance is better shaped here 1.5311.

Descending dynamics with a possible flat

Expectations: scenario of flat - range 1.5227-1.5311. upon breakthrough below 1.5227 - another scenario - decline to 1.5149.

Trading decisions:

1) Wait when it gets clear or signals either try to sell from the area 1.5311 to 1.5227 and 1.5149.

Aleksey Panasenko
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 .