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Growth to the 46th figure

Growth to the 46th figure | 21 March 2016

21 March 2016, GBP/USD

Four-hours chart of GBP USD. The pair has stopped at the reversal level (7/8), but it is too early to talk about reversal of the pattern, the pair is still above the support points - the four-hours' Supertrend line and the level (6/8). Therefore, resumption of growth from this support is our major expectation. Goal for growth are the Weekly SuperTrend line. Only after consolidation of the price below the level (6/8) we can we seriously consider the possibility of drop of the price to the first significant support located at the Supertrend Daily line

Trading solutions: Buy from the four-hours' Supertrend line

Nikolay Krishtopov
FreshForex Analyst
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