There is a strong local resistance in the middle Bollinger band (1.5817), from where a decline to 1.5703 can take place.
https://charts.mql5.com/8/187/gbpusd-h4-riston-capital-ltd-2.png
Type: Posts; User: Chris
There is a strong local resistance in the middle Bollinger band (1.5817), from where a decline to 1.5703 can take place.
https://charts.mql5.com/8/187/gbpusd-h4-riston-capital-ltd-2.png
There is some narrowing of envelopes, pressure of ADX - all these can allow bears to work 1.5744. But I would recommend you to abstain from sales....
Today I'm gonna play long at this market, because it seems to go up to 1.5450 ( the resistance level)
https://charts.mql5.com/8/53/gbpusd-h4-riston-capital-ltd-3.png
This pair shows that it is overbought. It gives a chance to enter purchases on a possible rolldown (1.5325, 1.5280)
https://charts.mql5.com/8/14/gbpusd-h4-riston-capital-ltd-2.png
The pair moved just a little bit due to the holidays in the US and UK, but I think my expectations will be approved this week.
https://charts.mql5.com/7/934/gbpusd-h4-riston-capital-ltd.png
The 1.55 area was supportive in the past, but during last week the pair broke it down. I can assume that the trend of this marked changed completely. I don't expect it to go up in the near future and...
GBP/USD started a sharp falling. I think it makes sense to play short till 1.469. I'll open the deal at 1.4975 with stop-loss at 1.4985
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