FreshForex - Analytics


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    Sales to 1.42

    Daily chart: Meanwhile the price stays within horizontal corridor inside the Bollinger envelope (1.4065-1.4481). The medium-term northern preparation is seen here (as confirmed by the tightening bottom Bollinger band).

    Н4: It seems that on the local level upward movement will get corrected to 1.4206 (the bottom Bollinger band, plus a round level).

    Н1: Meanwhile Bollinger envelopes retain a horizontal determination, but ADX looks down. We should sell ​​on a pullback to the middle Bollinger band (1.4365).

    Expectations: and now, we are waiting for breakthrough of the H1-bottom Bollinger envelope (in the form of drop to 1.43), and then roll back to 1.4365 followed by major decline to 1.42 .

    Trading solutions: sales from 1.4365 to 1.42

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