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Preparation for decline

Preparation for decline | 21 October 2015

21 October 2015, GBP/USD

The daily chart: Palisade from bars of accumulation in the area of ​​the top Bollinger band - southern karma (at least says about movement to the bottom bar, 1.5056

Н4: flat is expected intraday 1.5424-1.5494

Н1:correction to the middle Bollinger band (1.5460), from where decline may continue.

Expectations: roll back up into the area of 1.5460, and then decline to 1.5424 and 1.53

solutions:

1) Selling with the mid-term target

Aleksey Panasenko
FreshForex Analyst
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