Sell after rising 1.4348 zone | 17 March 2016
17 March 2016, GBP/USD
Daily chart: pair has risen into upper Bollinger envelope but ADX is decreasing. So pair couldn’t get upper line (1.4477). We are expecting flat into the range of envelope (marked yellow zone).
Н4: we are expecting ADX correction and localized resistance on 1.4430 level (upper Bollinger line).
Н1: It is more localized possible level of the pair it is 1.4348 (upper Bollinger line). Support is on 1.4197 level (middle line).
Expectation: growth to 1.4348 and than decrease to 1.4197
Trading decisions:
1) Buy to 1.4348
2) Sell from 1.4348 to 1.4200
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.
