What wait us on Monday | 09 November 2015
09 November 2015, GBP/USD
Daily: breakthrough of bottom Bollinger band – a strong bearish signal. First, some roll back may be to middle Bollinger band (1.53552). If there is such correction – it can be useful. But you had better not wait for it.
Н4: there is two local resistance levels - 1.5132 and 1.53. A new downward wave can start from one of them.
Н1: and here we can see a good chance for upward correction. But first bears archive bottom Bollinger band (1.4991), and from this level an upward wave will start.
Expectations: decrease to 1.4991 and correction to 1.5132. Trading solutions: 1) Short orders to 1.4991 2) Long orders from 1.4991 to 1.5132
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.
