A new descending wave | 08 December 2015

08 December 2015, GBP/USD

A new descending wave

The four-hours chart of GBP USD. The target on the four-hours' SuperTrend line has been reached. Moreover, the pair can could easily break through this line. Therefore, the primary expectation is drop of the pair. The first target is the level of (2/8). A more promising goal is the level (0/8).

Trading solutions: sales from the level of (3/8)


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.
Nikolay Krishtopov
FreshForex Analyst
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