Sellers have a joker | 11 November 2015
11 November 2015, GBP/USD
Daily chart: as we can see, this structure has upward swing, that’s why bears can realize their pressure from current levels with 1.5026 targets.
H1: there is a local upward structure, which still doen’t have one more up. This can happen, if new swing will break 1.5184 support level. If bears attack 1.5133 support level, then a decline can start towards 1.5026.
Scenarios: 1. Decrease from current levels towards 1.5026 support. 2. If 1.5133 support withstands, there can be a growth to 1.5184 and further( to 1.52) Trading solutions: 1) If long signals – buy to 1.52 2) Sell from 1.5133 to 1.50.
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.
