manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Buy from a downward correction

26 April 2016, GBP/USD

Daily chart: the buyers are attacking, but ADX has not reached the trend value yet, making another corrections towards the middle band (1.4277) probable.

Н4: a local bearish divergence of the oscillator we can also talk about a possible downward pullback around 1.4393 (middle Bollinger band). Probable area for ​​opening Buy trades will be located here.

Н1: a local support is located at the current levels (1.4465). Bulls could try to attack more and right here. But, if the price withdraws to 1.4465, we will have a correction to 1.4393-1.4403.

Expectations: The main scenario - a rollback to 1.4393-1.4403 and then rise to 1.4550

The alternative scenario - surge from current levels of

Trading solutions: we are looking to purchase around 1.4393-1.4403

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .