FreshForex - Analytics


    642.75 7.75/10
    65% of positive reviews

    Looking for sales options on correction

    Daily chart: bulls are in very good shape and the situation when they reach the upper Bollinger band (111.97) looks a very likely event now. Against the backdrop of a well shaped convergence of the oscillator, this scenario seems to have almost no alternative

    Н4: the intermediate resistance of 109.53 (the upper Bollinger band) may correct the price around the middle band (107.80), from where, apparently, a new northern attack will run.

    Н1:a local bearish divergence also says about the upcoming correction. Local support is at 108.46 (ascending bottom Bollinger band).

    Expectations: The main scenario - decline to 108.46 and then start of a new ascending movement The alternative scenario - reach of 109.53 and then start of a downward correction towards 108.46

    Trading solutions: looking for sales options on correction to 108.46.

    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