10 March 2016, GBP/USD
Daily chart: if not a big bullish convergence of the oscillator, you wouldn’t have doubts in decrease to 1.3812 (bottom Bollinger line, look at the red arrow). But the price can rise to the upper line (1.4599, look at the blue arrow).
Н4: pair has pressed into the range 1.4152-1.4278
Н1: horizontal corridor is in 1.4174-1.4243. We are waiting for decrease to bottom line.
Expectation: decrease to 1.4152-1.4174
Trading decisions: sell to 1.4152-1.4174
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us