Bears are starting a counter-attack | 15 March 2016
15 March 2016, GBP/USD
The four-hours chart GBPUSD. In last analysis, we marked importance of (6/8) level for bears. As we can see they has caught the initiative. Result of decrease was break through of the four-hours Supertrend line. And it is could change possibility of continuing further local price rising. Nest level on which bulls can resistance was the main support/resistance level (4/8). This is the strongest level in the system and it is important for bulls and bears.
Trading decisions: if you opened short yesterday it is possible to fix some part of sells. New entrance points looking into fore-hours Supertrand line.
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.
