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Technically — only sells

Technically — only sells | 06 November 2015

06 November 2015, GBP/USD

Daily chart: the pair breaks the bottom envelope on the very active ADX and, if there is no NFP day, we could say the the pound enters the southern downward trend. But the news leaves the British a chance. Technically we wait for the fall in the 49th figure.

Technically — only sells

Н4: absolutely the same situation. There is a light oversold but on the very strong ADX bears do not mention it.

Technically — only sells

Н1: an oversold on the strongest ADX as well. Any corrections up need to be used for sales.

Technically — only sells

Scenarios: fall in the 49th figure (probably, much lower). Trading solutions: 1) Sales only but remember about NFP. It can bring corrections

Aleksey Panasenko
FreshForex Analyst
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