We trade on double bottom on H1 | 16 September 2015

16 September 2015, GBP/USD

The daily chart: the price has reached a very strong support 1.5329, there is a good chance to start a new strong upward swing.

We trade on double bottom on Н1

H1 chart: at the time of publication, momentum has already occurred and I managed to enter in the zone formed by the daily double bottom support and good pinbar. Now we can expect pullbacks for additional inputs up. Strong resistance is in the zone of 1.5458, support - on a round at 1.54.

We trade on double bottom on Н1

Expectatons: growth in the area of ​​1.5458, and then roll back into zone 1.54, and test in the upward direction. Targets can be located around 1.5550.

solutions:

1) Keep Buy to 1.5550 (extraday). Intraday we can Lock in around 1.5458.

2) Add Long positions on a pullback to 1.54

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .