Another flat day
15 September 2015, GBP/USD
The daily chart: good pinbar with a false breakthrough of the Friday's inside bar down. Only place where events occur (mid-range of the envelopes) is bad. Plus poor ADX. We can finally see a repeat of yesterday's stories. At the same time, I offer to consider current movement to be preparation for northern movement . The goal of bulls - 1.5786 (Upper Bollinger Band).
Н4:horizontal envelopes and passive ADX. Corridor 1.5350-1.5480
Н1: even narrower range from the Bollinger envelope s(1.5389-1.5471), but the price is very likely to spend the day rotating around axis of the middleBollinger band (1.5429)
Expectations: flat day. Corridor 1.5389-1.5471
1) Purchases from the the bottom wall of the corridor.
Aleksey PanasenkoAnalyst of «FreshForex» company
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