Preparation for further decline | 22 December 2015
22 December 2015, GBP/USD
Daily chart: very active ADX continues to press, which happens in the current phase of accumulation. The pair definitely ready to collapse.
Н4: local support 1.4845, weak ADX, so we expect trading within the range of the bottom envelope (1.4845-1.4926)
Н1: flat status of all indicators, so we are waiting for delay of the drop scenario for some time. The corridor of the flat is 1.4872-1.4926
Expectations: flat 1.4872-1.4926
Trading solutions: trading within the range 1.4872-1.4926. Sales are safer than purchases.
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.
