Pair could stick into horizontal channel | 17 Marzo 2016
17 Marzo 2016, GBP/USD
The four-hours chart GBPUSD. Price has bounced upward from level (3/8) and now we can see that price has stayed on level (5/8), before this pair has overcome the strongest level in the system (4/8). So we have all three factors which prove beginning of side moving in the channel (3/8 – 5/8), according to the system’s rules. The key level is level (5/8) when the price locates under this level the main possibility is pair decrease. On the other way pair can retest level 96/8, and second try could be more successful.
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.
