manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Looking for sale points

17 May 2016, GBP/USD

Daily chart: weak parameters of ADX allow bears to work a full pattern in the direction of the lower Bollinger band (1.4210). The price may also pull back in the area to ​​the middle band (1.4454)

Н4: On the local level, the pair is clamped within the lower Bollinger envelope (1.4334-1.4411)

Н1: because of insufficient parameters of ADX we can confirmed a local resistance 1.4415 (upper Bollinger band), which probably will make the pair move down to 1.4373 (middle band).

Expectations: The main scenario - flat 1.4373-1.4415

The alternative scenario - surge to 1.4454

Trading solutions: look for sales around 1.4415 or 1.4454 targeting 1.4373

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