The corridor for finding entry points | 27 Juli 2016
27 Juli 2016, GBP/USD
Daily chart: the pair is in the broad flat within Bollinger envelopes (1.2887-1.3448). ADX is rising, but is still in a very weak area. Probably, consolidation around the middle Bollinger band (1.3175) will continue.
Н4: a better shaped corridor 1.3058-1.3225. We expect flat.
Н1: even a better shaped range within Bollinger envelopes (1.3112-1.3150). At the same time, Bollinger Bands are noticeably narrowed, so the corridor is likely to be broken.
The main scenario - flat 1.3112-1.3150
The alternative scenario - a wider flat 1.3055-1.3175
Solutions: search for signals to both sides of the corridor 1.3055-1.3175
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.
