Signs of weakening of bears | 25 سبتمبر 2015
25 سبتمبر 2015, GBP/USD
The daily chart: a very important support at the lower Bollinger band (1.5147). It can either make the pair bounce off in the area of the middle band (1.5350) or let bears move to 1.4964.
.png "Signs of weakening of bears")
Н4: lower local support at 1.5133 (Lower Bollinger Band)
.png "Signs of weakening of bears")
Н1: rather well expressed bullish convergence of oscillator - a sign of weakening of sellers. Range of envelopes - 1.5213-1.5285
.png "Signs of weakening of bears")
Expectations: 1) The main scenario - ascending flat 1.5213-1.5285. 2) Alternative scenario - decline to 1.5133 and bounce up towards 1.5285
solutions: We buy from one of the supports as soon as we receive confirming Buy signals.
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.
