Buy from a downward correction | 26 April 2016
26 April 2016, GBP/USD
Daily chart: the buyers are attacking, but ADX has not reached the trend value yet, making another corrections towards the middle band (1.4277) probable.
Н4: a local bearish divergence of the oscillator we can also talk about a possible downward pullback around 1.4393 (middle Bollinger band). Probable area for opening Buy trades will be located here.
Н1: a local support is located at the current levels (1.4465). Bulls could try to attack more and right here. But, if the price withdraws to 1.4465, we will have a correction to 1.4393-1.4403.
Expectations: The main scenario - a rollback to 1.4393-1.4403 and then rise to 1.4550
The alternative scenario - surge from current levels of
Trading solutions: we are looking to purchase around 1.4393-1.4403
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.
