Daily Range of 1.2424-1.2503 | 06 أبريل 2017
06 أبريل 2017, GBP/USD
Daily chart: bears didn't manage to break middle Bollinger band but all the price movements are carried out against weak and corrective trend ADX. That means that flat may continue.
Н4: there is flat corridor inside Bollinger bands range (1.2404-1.2549). Here we see passive ADX which maches daily chart expectations.
Н1: there is more narrow flat corridor of 1.2424-1.2503 (Bollinger envelopes). ADX shows growing trend but it's not strong enough yet.
Expectations: flat in the corridor of 1.2424-1.2503
Trading signals: consider trading both direcions within area of 1.2424-1.2503.
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.
