Looking for the entry points into sales | 20 Juli 2016
20 Juli 2016, GBP/USD
Daily chart: ADX is going through correction, but the impulse is frankly bearish. The best possible entry down is the middle Bollinger band area (1.3407)
Н4: an aggressive trend ADX can also be interpreted in favor of sellers. Resistance is at 1.3268 (middle Bollinger band)
Н1: a better shaped resistance 1.3160 (the middle Bollinger band). Support - 1.3058 (lower band)
The main scenario - touch of 1.3160 and then decline towards 1.3058
The alternative scenario - the higher the correction to 1.3268 and then the downward movement
Solutions: look for the downward entry points to 1.3160 or 1.3268 zone. The goal - 1.3058
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.
