We buy to 1.5504 | 28 May 2015
28 May 2015, GBP/USD
Daily chart: Every day bears try to force new Lows but do not reach the bottom Bollinger band directly. That gives buyers chances, because outlook of an ascending trend is still real.
However, the price is based in the bottom envelope so scenarios are equally probable.
.png "We buy to 1.5504")
Н4: the price is put into Bollinger horizontal channel (1.5313-1.5504, and can hardly leave it today.
.png "We buy to 1.5504")
Н1: One more Northern signal is bullish convergence.
.png "We buy to 1.5504")
Expectations: Waiting for growth to 1.5504.
Trading decisions:
1) We buy to 1.5504.
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.
