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Waiting the price on 1.5582 to sell

07 July 2015, GBP/USD

Daily chart: the pair is surely declining towards the bottom Bollinger band (11.5358)

Waiting the price on 1.5582 to sell

Н4: The price has broken the bottom Bollinger envelope. Waiting the price on 1.5582 to sell to 1.5405 and 1.5358.

Waiting the price on 1.5582 to sell

Н1: the same picture is here. Breakthrough of the bottom Bollinger envelope. The middle band is expressed just a little better (1.5582)

Waiting the price on 1.5582 to sell

Expectations: Waiting for an upward pullback 1.5582-1.5595 and a new decline to targets 1.5405 and 1.5358

Trading decision:

1) Sales from 1.5582-1.5595 to 1.5404 and 1.5358

Aleksey Panasenko
FreshForex Analyst
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