Sell from 1.4508 | 18 May 2016
18 May 2016, GBP/USD
Daily chart: most likely, the current trend will continue - flat at the middle Bollinger band (1.4472). ADX is weak and inactive, although we note that envelopes started to get narrower, which may indicate accumulated of volume. However, it seems it will not happen today.
Н4: a flat horizontal corridor within Bollinger envelopes (1.4332-1.4508)
Н1: a better shaped flat corridor 1.4435-1.4508.
Expectations: leap up to 1.4508 and then fall to 1.4435
Trading solutions: sales from 1.4508 to 1.4435.
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.
