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

Looking for the entry points into sales

20 July 2016, GBP/USD

Daily chart: ADX is going through correction, but the impulse is frankly bearish. The best possible entry down is the middle Bollinger band area (1.3407)

Н4: an aggressive trend ADX can also be interpreted in favor of sellers. Resistance is at 1.3268 (middle Bollinger band)

Н1: a better shaped resistance 1.3160 (the middle Bollinger band). Support - 1.3058 (lower band)

The main scenario - touch of 1.3160 ​​and then decline towards 1.3058

The alternative scenario - the higher the correction to 1.3268 and then the downward movement

Solutions: look for the downward entry points to 1.3160 ​​or 1.3268 zone. The goal - 1.3058

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 .