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100 pips decrease

100 pips decrease | 16 March 2016

16 March 2016, GBP/USD

Daily chart: the possibility of decrease into limits of decreasing inside bar with aim on bottom Bollinger line (1.3844). ADX is on flat so delay is possible near support of middle Bollinger line (1.4137).

100 pips decrease

Н4: ADX is very trend and active, so we are waiting for new impulse movement in direction of 1.3844. Strong support could be on 1.4113 (bottom Bollinger line).

100 pips decrease

Н1: local resistance is on middle Bollinger line (1.4193), support is on 1.4090 (bottom line).

100 pips decrease

Expectation: we are expecting rise to 1.4193 and then decrease to 1.4090

Trading decisions: try to have 100 pips on decrease deal from 1.4193 to 1.4090

Aleksey Panasenko
FreshForex Analyst
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