FX.co ★ dusty24 | GBP/USD

Pair GBPUSD M5: 1 - The Pound on the 5-minute chart started moving along the lower band, but to get a stronger signal for a price drop, it is worth waiting for both bands to actively expand, not just the lower one. 2 - The Awesome Oscillator indicator is increasing in the negative zone, signaling a price decline. If we see a more active acceleration at the beginning of trading, we will get a stronger signal for a price drop. If there is a crossover through zero and active growth in the positive zone, it will signal a price increase. 3 - In this situation, the entry point for sales can be placed at the level of 1.32291, and a price drop after a breakout and consolidation can be expected down to the level of 1.32192. 4 - Buying in the current conditions can be considered from the level of 1.32458, and if there is an active breakout and consolidation, the price increase may continue to the level of 1.32535.