My dear friends, I analysed this chart on GBP/USD, and concluded the following: The price is coiling around a solid key level - 1.24695 Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.23823 Recommended Stop Loss - 1.25173
About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
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