FreshForex - Analytics

    FreshForex

    614.75 7.75/10
    65% of positive reviews
    Real

    Preparing to drop

    Daily chart: aspiration to the bottom band (1.4003)

    Н4: a few intermediate support lines on the ways to drop - 1.4233 (middle Bollinger Band) and 1.4135 (the bottom band). Given the horizontally placed envelopes and weak ADX, do not expect the pair to get below these levels.

    Н1: also a passive ADX, we are waiting for trading inside the bottom envelope (1.4221-1.4265) before the main phase of decline.

    Expectations: we waiting for the "drill operations" from bears at the support 1.4221, with possible moves to ​​1.4265 as preparation for drop to to 1.4135

    Trade Solutions: sales to 1.4135 from 1.4265


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree