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Only sales

17 November 2015, GBP/USD

Daily chart: a confident rebound from the zone of middle Bollinger band, so the relevant goal is the bottom band (1.5061))

Н4: strong clamping of the pair in the grip of the Bollinger envelopes (1.5179-1.5238), from where impulse movement is certainly expected.

Н1: a little better defined flat corridor 1.5187-1.5219.

Expectations: The main scenario - trading within the corridor 1.5187-1.5219 and then move down towards 1.5061 (extraday). The alternative scenario - a direct drop in the direction of 1.5061.

solutions: we consider only sales. The best possible point - from the area of 1.5219. The target of the next few days - 1.506

Aleksey Panasenko
Analyst of «FreshForex» company
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