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)

Wait for decline to 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.

Wait for decline to 1.4372

H1: ADX is active and low envelope is under attack. Wait for move to 1.4372 level.

Wait for decline to 1.4372

Expectations: decrease to 1.4372 Trading solutions: sell to 1.4372

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .