Only sales! The goal is 1.2933 | 05 July 2016
05 July 2016, GBP/USD
Daily chart: the pair tends to fall to 1.2933 (the lower Bollinger band). Traders are recommended to proceed based on this plan.
Н4: a trend growing ADX - a full readiness for a new drop.
Н1: breakthrough of the bottom envelope is another southern signal. Perhaps, we'll see another pullback to the middle band (1.3266), but, of course, we consider only sales.
Expectations: So, we wait for beginning of the new descending wave to 1.2933. I would not be surprised if today the pair crosses the full distance
Trading solutions: sell to 1.2933 (perhaps, extraday)
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
