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The price is moving to the level of (0/8)

The price is moving to the level of (0/8) | 15 January 2016

15 January 2016, GBP/USD

The price is moving to the level of (0/8)

The four-hours chart of GBP USD. The pair continues to consolidate at the level of (2/8). After forcing this level through a fairly long consolidation above this mark, growth option was canceled. As you can see, the price not only fallen below the level (2/8), but can not break through the four-hours Supertrend line. Therefore, drop to (0/8) remains the main option.

Trading solutions: sale from the four-hours Supertrend line

Aleksey Panasenko
FreshForex Analyst
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