Trading between 1.5567 and 1.5620 | 18 August 2015
18 August 2015, GBP/USD
The daily chart: We still see the same picture - accumulation of potential inside the envelope Bollinger (1.5500-1.5669)
.png "Trading between 1.5567 and 1.5620")
Н4: ADX is not active enough, so we can expect a rebound from the bottom band upwards towards 1.5659.
.png "Trading between 1.5567 and 1.5620")
Н1: level of 1.5567 (Lower Bollinger Band) appears to be underdeveloped, resistance is locally located on 1.5620 (middle band).
.png "Trading between 1.5567 and 1.5620")
Expectations: the price is squeezed between price levels 1.5567 and 1.5620, where the Pound is expected to be traded intraday.
solutions:
1) Trading between 1.5567 and 1.5620.
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.
