A flat corridor | 29 Juli 2016
29 Juli 2016, GBP/USD
Daily chart: the pair continues to consolidate around the middle Bollinger band (1.3175) within the flat inside Bollinger envelopes (1.2895-1.3431)
Н4: a better shaped flat corridor 1.3074-1.3212 (the range of Bollinger envelopes). ADX is weak, so it is likely that the corridor will remain.
Н1: even a better shaped trading corridor 1.3113-1.3175
Expectations: flat 1.3113-1.3175
Solutions: purchase from around 1.3113 to 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.
