Forexpamm

GBPUSD, bulls have a chance for correction

daily schedule: Bears are very cheerful to the pound, when accompanied by trend ADX. The probability of completing the day with the breakdown of the lower envelope of the Bolinger looks very large. But you should not get forward: such patterns very often ended with a false breakdown.

N4: there are many bars outside the lower envelope of the Bolinger, which is a sign of a possible upside up.

H1: Significant resale allows the bears to count on some Updating a minimum. But they are unlikely to keep this trend. We consider the scenario of the rollback to the middle lane (1.1917).

Conclusions: decrease by 1.1820-1.1830, then growth by 1.1917.

Trade decisions: purchases from 1.1820-1.1830 to 1.1917.