Determine areas to enter up
02 December 2015, GBP/USD
Daily chart: multiple bullish convergence of oscillator has been confirmed so many times, that probably deprives bears of strength. We can not exclude another attempt to retest the bottom Bollinger band (1.4967), but, in general, the middle (1.5176) and the top (1.5380) Bollinger bands are waiting for the pair.
Н4: we also have a converging oscillator, so we do not expect the pair below support 1.5002 (the bottom Bollinger band, plus round level)
Н1: flat like downward correction, then you can look up the entry signals. Intermediate support - 1.5052 (the bottom Bollinger band).
Expectations: the price would fall to 1.5052 (and possibly to the area of 1.5002), where we can expect an upward reversal to 1.5176.
Trading solutions: buy after we receive Long signals around 1.5052 and 1.5002 with the target 1.5176
Aleksey PanasenkoAnalyst of «FreshForex» company
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