100-pips potential in 1.4176 zone | 07 March 2016
07 March 2016, GBP/USD
Daily chart: bullish convergence of oscillator gives possibility to have correction in the direction of the upper Bollinger line (1.4714).
Н4: locally pair is in the range of the upper Bollinger envelope (1.4075-1.4272)
Н1: support is more localize on 1.4176 level (middle Bollinger line).
Expectation: pullback to 1.4176 and then growth to 1.4272
Trading decisions: buy from 1.4176 to 1.4272
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.
