An intense growth | 29 April 2016
29 April 2016, GBP/USD
Daily chart: a very active trend ADX allows us to count on a significant growth of the pair. Visually goals can be up to 1.4925 and there is quite a high probability that bulls will delay finalization of their goals
Н4: we also notice trend activity of ADX plus expansion of Bollinger envelopes - that allows us to count on growth to the 47-th and 48-th figures.
Н1:an absolutely the same situation, although at the local level the pair is overbought to a certain extend. Support is at the middle Bollinger band (1.4607)
Expectations: The main scenario - growth towards 1.4925
The alternative scenario - pullback to 1.4607 and rapid surge
Trading solutions: Buy to 1.4925
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.
