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100-pip Trading Range

100-pip Trading Range | 31 March 2017

31 March 2017, GBP/USD

Daily chart: the pair is in the middle of upper Bollinger envelope (1.2341-1.2579). ADX shows correction, so the price is likely to jump up and down.

100-pip Trading Range

Н4: bearish inside bar from middle Bollinger band (1.2479) gives opportunity for decline towards lower Bollinger band (1.2341).

100-pip Trading Range

Н1: ADX shows weak trend but the pair still can rise to 1.2504 region (upper Bollinger band). Support levels at 1.2453 and 1.2405 (middle and lower Bollinger bands) may be targets for rollbacks.

100-pip Trading Range

Expectations:

Core scenario - price rotation inside corridor of 1.2453-1.2504.

Alternative scenario - drop to 1.2405

Trading signals: consider trading inside the corridor of 1.2405-1.2504

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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