Sell from 1.5270
07 September 2015, GBP/USD
The daily chart: a strong breakthrough of the lower envelope - a significant signal to further decline of the "British". Traders can only hope for a rollback to the middle zone Bollinger bandto get the best entry points in the bottom part.
Н4: we also have a breakthrough of the lower envelope, and absorption of pinbar. Potential roll back in the upper direction does not exceed 1.5270 (middle Bollinger Band). This is where it makes sense to open a trade down.
Н1: some oversoldness, which may allow upward correction to happen.
Expectations: So, we wait for a rollback up to 1.5270 and beginning of an intensive drop towards 1.49 and below.
1) Sell from 1.5270 to 1.49 (in the middle run)
Aleksey PanasenkoAnalyst of «FreshForex» company
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