Possible sales from resistance 1.4689 | 27 مايو 2016
27 مايو 2016, GBP/USD
Daily chart: ADX lacks distribution and that probably confirms strength of walls of the upper Bollinger envelope (1.4544/1.4735, the middle/upper band)
Н4: divergence of oscillator, rounding of of the top envelope - all these are bearish arguments, so it is possible to expect drop to 1.4448 (lower Bollinger band)
Н1: clamping inside the lower envelope (1.4647-1.4689), ADX is close to the core activity, but is retracted downwards - making a downward rebound more likely.
Expectations: touch 1.4689 of and then fall to 1.4647 and 1.4618
Trading solutions: sales from 1.4689 to 1.4647 and 1.4618
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.
