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Waiting for lowering correction from 1.45

10 February 2016, GBP/USD

Daily chart: ADX is correcting so we expect strong resistance in upper zone Bollinger line (1.4616).

Waiting for lowering correction from 1.45

Н4: condition of observe bond indicators is flat. We are expecting trade in limits of bottom Bollinger envelope (1.4372-1.4494)

Waiting for lowering correction from 1.45

Н1: intraday range is limited by upper envelope (1.4437-1.4494).

Waiting for lowering correction from 1.45

Expectation: grow to 1.4494-1.4500 and and then decrease to 1.4437

Trading decisions : sell from 1.45 to 1.4437

Aleksey Panasenko
FreshForex Analyst
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