Limit of growth - 1.5651 | 16 June 2015
16 June 2015, GBP/USD
Daily chart: the pair is gripe within the envelopes and successive rise of Highs. ADX is growing, resistance 1.5698. Now we are waiting a pullback after touch of zone 1.57.
.png "Limit of growth - 1.5651")
Н4: Support for possible purchase - 1.5531 (the middle Bollinger band).
.png "Limit of growth - 1.5651")
Н1: Limit of growth 1.5651. Oscillator has not confirmed a High implemented by the price chart (divergence), so main expectation of a pullback to 1.5651.
.png "Limit of growth - 1.5651")
Expectation: so, the pair is within support 1.5531 and 1.5651. On touch of 1.5531 - we shall buy, after movement to 1.5651 - sell.
Trading decisions:
1) Purchase from 1.5531 to 1.5651
2) Sales from 1.5651 to 1.5531
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.
