FreshForex - Analytics


    654.25 7.75/10
    60% of positive reviews

    Waiting for continued decrease

    Daily chart: bear pressure from ADX increase, so it is possible to breakthrough support level on 115.32

    Н4: localize support is on 115.44 and inside bar is on bottom Bollinger band. This is fact for bulls but we observe that ADX is in active zone so breakthrough under is possible too. (Look at the black pointer).

    Н1: it is so prevail bear trend

    Expectation: decrease by 115.00 and then correction

    Trading decisions: sell by 115.00

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