FreshForex - Analytics

    FreshForex

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    Descending dynamics with a possible flat

     

     

    Daily chart: the pair is based in the bottom envelope even in the middle of the range, so we need to wait when the price will respond to the bottom/ middle Bollinger bands. Break of support 1.5149 will enable a more significan decline.

    Descending dynamics with a possible flat

    Н4: here is the range of envelopes 1.5227-1.5413

    Descending dynamics with a possible flat

    Н1: resistance is better shaped here 1.5311.

    Descending dynamics with a possible flat

    Expectations: scenario of flat - range 1.5227-1.5311. upon breakthrough below 1.5227 - another scenario - decline to 1.5149.

    Trading decisions:

    1) Wait when it gets clear or signals either try to sell from the area 1.5311 to 1.5227 and 1.5149.


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