Log in

Rising flat

24 December 2015, GBP/USD

Daily chart: very active ADX on the background of the received IB and a continued fall of the bottom Bollinger band. This means that for market it is simpler to continue downtrend, than to implement a reversal scenario. However, support zone 1.4810 is strong and an upward rebound from it followed by correction is possible.

Rising flat

Н4: accumulation within the flat 1.4819-1.4935

Rising flat

Н1: intraday support 1.4860, resistance - 1.49 (upper Bollinger band).

Rising flat


The main scenario - flat 1.4860-1.4900

The alternative scenario - decline to 1.48

Trading solutions: 1) Buy from the area of ​​1.48 2) Sales from the area 1.49

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.