Is it a trap or a chance for buyers? | 26 12月 2016

26 12月 2016, GBP/USD

Daily chart: there is a very active bearish ADX, but before yesterday's closing bulls managed to make a pinbar from lower Bollinger band, that gives them technical opportunities to go towards middle Bollinger band (1.2512). However, considering such an aggressive ADX, it could be a trap for bulls.

Is it a trap or a chance for buyers?

Н4: a nice bullish inside bar is a sign of moving towards resistance levels 1.2328 and 1.2407 (middle and upper Bollinger bands respectively). However, here ADX moves counter price and oscillator growth, so up movement can be considered as correctional.

Is it a trap or a chance for buyers?

Н1: locally we note that there are favorable conditions for growth - active bullish ADX. A target is 1.2407. However, there is a strong level 1.2328, which can stop further growth. Besides, bullish Over&Under pattern with 1.2269 entry point will be already shaped.

Is it a trap or a chance for buyers?

Expectations: we expect growth towards 1.2328 or eve towards 1.2407

Solutions: buy around 1.2328 or even around 1.2407

Aleksey Panasenko
FreshForex公司的分析员
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus