We shall pass correction and sell after it | 06 Juli 2015
06 Juli 2015, GBP/USD
Daily chart: bears start to press on the bottom Bollinger band (1.5318)
.png "We shall pass correction and sell after it")
Н4: ADX/RSI can let the pair through a slight correction towards the middle Bollinger band (1.5614), whereupon bears can break the bottom envelope.
.png "We shall pass correction and sell after it")
Н1:a light convergence of the oscillator also speaks about necessity of correction.
.png "We shall pass correction and sell after it")
Expectations: correction to 1.5614 and then decline under 1.55
Trading decisions:
1) We should sell from 1.5614 to 1.55
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.
