Bears test main support level | 16 مارس 2016
16 مارس 2016, GBP/USD
The four-hours chart GBPUSD. Pair has risen yesterday aim on main support/ resistance level (4/8). Price now tries to consolidate under this mark. So bears can stablished there domination. I’ ve marked in last review that this is main level and if bears have broken this level through it will opened way for further price decreasing. Level on which bulls can return their positions was on (2/8) level. Buyers can have initiative if price could consolidate above (4/8) level, but it would be difficult.
Trading decisions: sell from the four-hours Supertrend line
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.
