Wait for decline to 1.4372 | 05 February 2016
05 February 2016, GBP/USD
Day chart: as we can see, upper Bollinger band is a strong resistance level, so we can wait for pull back to middle Bollinger band (1.4372)
H4: there is a local support at 1.45 (middle Bollinger band), but the price may go towards 1.4322- 1.4372 zone.
H1: ADX is active and low envelope is under attack. Wait for move to 1.4372 level.
Expectations: decrease to 1.4372 Trading solutions: sell to 1.4372
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.
