What wait us on Monday
09 November 2015, GBP/USD
Daily: breakthrough of bottom Bollinger band – a strong bearish signal. First, some roll back may be to middle Bollinger band (1.53552). If there is such correction – it can be useful. But you had better not wait for it.
Н4: there is two local resistance levels - 1.5132 and 1.53. A new downward wave can start from one of them.
Н1: and here we can see a good chance for upward correction. But first bears archive bottom Bollinger band (1.4991), and from this level an upward wave will start.
Expectations: decrease to 1.4991 and correction to 1.5132. Trading solutions: 1) Short orders to 1.4991 2) Long orders from 1.4991 to 1.5132
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us