A Flat Day | 12 ديسمبر 2016
12 ديسمبر 2016, GBP/USD
Daily chart: it is not clear yet how the price on traditional support level around middle Bollinger band (1.2519) is going to behave. In case of a further downward breakout, price is likely to go down to 1.2324 (lower Bollinger band); in case of upward shift a rise towards 1.2727 (upper Bollinger band) is to be expected
Н4: the price is locally consolidated inside lower Bollinger envelope (1.2519-1.2628). ADX is passive, so the range is unlikely to change today.
Н1: there is also horizontal flat corridor within Bollinger envelopes (1.2553-1.2611)
Expectations: wait for a flat corridor 1.2553-1.2611.
Solutions: trading inside 1.2553-1.2611 range
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.
