FreshForex - Analytics

    FreshForex

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    The possibility of downward correction from zone 124.00

    The daily chart: an impressive absorption from buyers. The nearest goal - the upper Bollinger band (123.96). Then - 125.06

    Н4: a local flat range is still maintained. This leaves chances for another pullback to the bottom border (122.40)

    Н1: we confirm impressive area of ​​demand for 122.40, so psychological level of 124.00 may take a downward correction

    Expectations: The main scenario - Touch of the zone 124.00, followed by decline to the zone 122.40, where, we assume the wave will go to 125.06. The alternative scenario - a direct growth to 125.06

    solutions: 1) When there are short signals on H1 around ​​124.00 - we can sell to 122.50. 2) In the area of ​​122.40 we buy to 125.06 (extraday)


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