Descending dynamics with a possible flat | 08 June 2015
08 June 2015, GBP/USD
Daily chart: the pair is based in the bottom envelope even in the middle of the range, so we need to wait when the price will respond to the bottom/ middle Bollinger bands. Break of support 1.5149 will enable a more significan decline.
.png "Descending dynamics with a possible flat")
Н4: here is the range of envelopes 1.5227-1.5413
.png "Descending dynamics with a possible flat")
Н1: resistance is better shaped here 1.5311.
.png "Descending dynamics with a possible flat")
Expectations: scenario of flat - range 1.5227-1.5311. upon breakthrough below 1.5227 - another scenario - decline to 1.5149.
Trading decisions:
1) Wait when it gets clear or signals either try to sell from the area 1.5311 to 1.5227 and 1.5149.
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.
