Wait when prices reaches the level (4/8) | 23 أبريل 2015
23 أبريل 2015, GBP/USD
Four hours’ chart of GBPUSD. The pair continued its upward movement. The moment when price bounces from the reversal level (7/8) is the one we focus on. So far we have not got any confirmation that price consolidates below the line of four hours’ Super trend. The option with decline of price to the main level of support and resistance (4/8) can be considered as the main. Only break through of the level (7/8) from bottom to top would cancel this option.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
