Selling from the area 1.5553-1.5562 | 03 أغسطس 2015
03 أغسطس 2015, GBP/USD
Daily chart: the pair is striving to reach the upper Bollinger band (1.5715), but ADX show weaknesses, so we wait a strong resistance in this area.
.png "Selling from the area 1.5553-1.5562")
Н4: a more localized resistance at 1.5653 (the upper Bollinger Band). Also we have passive ADX.
.png "Selling from the area 1.5553-1.5562")
Н1: a dense 1.5653-1.5662 resistance zone, ADX is insufficient for a breakthrough, so you can open Sell trades. Support (and possible target) - 1.5580 (the bottom band).
.png "Selling from the area 1.5553-1.5562")
Expectations: hitting 1.5653-1.5662 and decline to 1.5580.
Trading solutions:
1) Selling from the area1.5653-1.5662 to 1.5580.
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.
