01 October 2015, GBP/USD
The daily chart: very active ADX, so there are big doubts about strength of the support 1.5051 (Lower Bollinger Band)
.png "An upward pullback is possible, but NO purchases")
Н4: Local support at 1.5118 (Lower Bollinger Band) plus inactive ADX here. Possible correction to the middle band (1.5169)
.png "An upward pullback is possible, but NO purchases")
Н1: a little more localized levels of support and resistance: 1.5108\1.5149
.png "An upward pullback is possible, but NO purchases")
Expectations: trading within the range 1.5108-1.5149 as preparation for the attack of support 1.5051, which is likely to be successful.
solutions:
1) NO purchases! Sell on corrections (in the zone of 1.5149) with the targets 1.5108, 1.5051 and (in the medium run) even lower.
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