02 November 2015, GBP/USD
The daily chart: active working out in the direction of the upper Bollinger band (1.5533), but ADX parameters are passive, so further breakthrough is excluded. We are waiting for a rebound back to the middle band (1.5319).
Н4: breakout of the upper envelope - a strong signal of continued growth, so we are waiting for completion 1.5494 after touch of the middle band (1.5319), where it will be possible to open Buy trades.
Н1: more localized support on the middle Bollinger band (1.5363) resistance - on the upper Bollinger band(1.5458)).
Expectations: The main scenario - growth to 1.5484, then correction to 1.5362 and a new work out up. The alternative scenario - decline after Opening of markets to 1.5362, then rebound towards 1.5484
Solutions: 1) Sales from 1.5484 to 1.5362. 2) Buy from 1.5362 to 1.5484
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us