Log in

An upward pullback within the day's flat

22 August 2016, GBP/USD

Daily chart: The pair is still within the horizontal break-even range 1.2872-1.3345. ADX is adjusted and weak, so this trend seems to continue.

Н4: a better shaped corridor 1.2975 - 1.3178, but here we have aggression from ADX, which can relate to actions of both sellers and buyers with the equal probability.

Н1: contradiction between ADX and oscillator means an upward movement - correction. Therefore, we shuold monitor Sell signals around 1.3067 and 1.3120 (middle and upper Bollinger bands).


1. A rollback to 1.3067 and then decline towards 1.3018 < / p>

2. A more noticeable pullback (to 1.3120) and then decline to 1.3018

Solutions: The tactics for today is waiting

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.