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

Looking for Sell options around 1.4644-1.4674

20 May 2016, GBP/USD

Daily chart: Bulls have closely come to the important resistance 1.4674 (upper Bollinger band), and we see an interest from ADX, which also may be a sign of moving to new Highs. But this trend is not in active zone, which gives sellers some chances (see the blue arrow).

Н4: here we see that resistance 1.4674 is relatively safe because an attack takes place with weak ADX parameters. Support is at 1.4504 (the middle band).

Н1: a local horizontal flat corridor within the Bollinger envelopes (1.4554-1.4644)

Expectations: The main scenario - touch of 1.4644 and decline towards 1.4554

The aternative scenario - higher surge to 1.4674 and then decline towards 1.4554

Trading solutions: look for Sell options around 1.4644-1.4674

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 .