Log in

Looking for upward entry points on a pullback

05 April 2016, GBP/USD

Daily chart: ADX is not active, so the pair is likely to continue stay within corridor inside Bollinger envelopes (1.4072-1.4472)

Н4: a more localized within the range of the bottom Bollinger envelope (1.4183-1.4314)

Н1: the intermediate local support by the middle Bollinger band (1.4249) can stop bears, but still it better to be based on a potential touch of the bottom Bollinger band (1.4183)

Expectations: decline towards 1.4249 and then probably to 1.4183, after that the pair will get a boost up to 1.4314 (the scenario is likely to be implemented the next day)

Trading solutions: we should be looking for buy signals around 1.4249 and 1.4183 targeting 1.4314

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.