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Looking for sales opportunities on growth around 1.3320-1.3352

04 July 2016, GBP/USD

Daily chart: bearish orientation (goal - the lower Bollinger band, 1.3027). ADX is weak, therefore, probably, the movement will not be impulsed and unidirectional. The task is looking for the downward entry points on growth

Looking for sales opportunities on growth around 1.3320-1.3352

Н4: the flat omni-directional range inside Bollinger envelopes (1.3210-1.3515)

Looking for sales opportunities on growth around 1.3320-1.3352

Н1: a little better shaped flat - 1.3252-1.3320. Thus, the basic plan will be selling at the movement to 1.3320-1.3355.

Looking for sales opportunities on growth around 1.3320-1.3352

Expectations: So, decline may begin at any time, but it makes sense for traders to be patient and sell at the highest point of the top. These points can be found around 1.3320-1.3355 resistance area

Solutions: sales from 1.3320-1.3355 to 1.3252 and below (in the medium run).

Aleksey Panasenko
FreshForex Analyst
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