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Sales to 1.4298

Sales to 1.4298 | 25 April 2016

25 April 2016, GBP/USD

Daily chart: the pair is unlikely to have the potential to break the upper Bollinger band (1.4453), due to a very passive ADX. This gives reason for decline in the direction of 1.4046 (the bottom band).

Н4: here, on the contrary, a very strong trend ADX. This makes it drop 1.4453 and further growth in the 45th figure equally probable plans. Support is at the bottom band (1.4298)

Н1: bears already an advantage here - ADX is growing against the backdrop of bearish momentum and a rebound from the upper Bollinger band (1.4423). Goals are the support 1.4359 and 1.4298 (middle and bottom Bollinger bands, respectively).

Expectations: decline towards 1.4369 and 1.4298

Trading solutions: Sales to 1.4298

Aleksey Panasenko
FreshForex Analyst
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