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

Sell to 1.2640

06 October 2016, GBP/USD

Daily chart: active status of ADX indicates preservation of bearish potential. every day, support from the lower Bollinger band is sliding below that suggests sufficient reserves of sellers.

Sell to 1.2640

Н4: local support is at 1.2640 (lower Bollinger band). Resistance is at 1.2801 (middle Bollinger band plus the "round" psychological level)

Sell to 1.2640

Н1: aggressive ADX indicates readiness of the price to finalize support zone 1.2640, which is a quite acceptable depth to open Sell trades.

Sell to 1.2640

Expectations: we are waiting for drop to 1.2640 directly from current levels, then an upward bounce to 1.2801 will be possible, but I would not recommend using this rebound for purchases

Solutions: sell to 1.2640

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 .