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

An outright bullish trend, but with a high probability of a downward rollback

03 May 2016, GBP/USD

Daily chart: a very strong trend ADX can not stop bulls. There is a high probability of growth to 1.4870.

An outright bullish trend, but with a high probability of a downward rollback

Н4: On the local levels the pair is overbought, oscillator is showing signs of divergence, so we can not rule out a correction to even out indicators. The nearest resistance - "round level" 1.48.

An outright bullish trend, but with a high probability of a downward rollback

Н1: bulls are attacking the upper envelope. If the current hour will be closed in this way, we will have another local northern signal. Local support for a possible rollback - 1.4671 (the middle Bollinger band)

An outright bullish trend, but with a high probability of a downward rollback

Expectations: now we are waiting for growth to 1.48-1.4850 and then a pullback towards 1.4671

Trading solutions: we are looking for buying options around 1.4671 and selling options around 1.4800 (if there is a short-form signals on H1)

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.