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Only sales! The goal is 1.2933

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.

Only sales! The goal is 1.2933

Н4: a trend growing ADX - a full readiness for a new drop.

Only sales! The goal is 1.2933

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.

Only sales! The goal is 1.2933

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)

Aleksey Panasenko
FreshForex Analyst
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