Flat continues

02 August 2016, GBP/USD

Daily chart: the price still tends to accumulating volumes within a wide range 1.2918 – 1.3376 (the range of Bollinger envelopes).

Н4: a better shaped horizontal corridor 1.3144 – 1.3250. ADX is weak, there are no signs of preparation of a breakthrough yet.

Н1: the same picture: a flat configuration of envelope within the range of 1.3170-1.3204

Expectations: Flat 1.3170-1.3204

Solutions: skip trading.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call