Bulls do not want to give up | 11 أبريل 2016
11 أبريل 2016, GBP/USD
Four-hours chart of GBPUSD. Bulls managed to retain the price above the level (2/8). The price rebounded from this level up and is now approaching the strongest level (4/8) in the system. This is the second approach of the price of the mark. So, the probability of its breakdown has increased significantly. Growth of the pair is the main option. This option will be canceled if the price consolidates below the four-hours SuperTrend Line. In this case, bears may take the initiative and continue to move the price down again
Trading solutions: purchase from the four-hours SuperTrend line with a short stop
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.
