Sales to 1.42 | 01 April 2016

01 April 2016, GBP/USD

Daily chart: Meanwhile the price stays within horizontal corridor inside the Bollinger envelope (1.4065-1.4481). The medium-term northern preparation is seen here (as confirmed by the tightening bottom Bollinger band).

Н4: It seems that on the local level upward movement will get corrected to 1.4206 (the bottom Bollinger band, plus a round level).

Н1: Meanwhile Bollinger envelopes retain a horizontal determination, but ADX looks down. We should sell ​​on a pullback to the middle Bollinger band (1.4365).

Expectations: and now, we are waiting for breakthrough of the H1-bottom Bollinger envelope (in the form of drop to 1.43), and then roll back to 1.4365 followed by major decline to 1.42 .

Trading solutions: sales from 1.4365 to 1.42


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Aleksey Panasenko
FreshForex Analyst
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