FreshForex - Analytics

    FreshForex

    615.75 7.75/10
    65% of positive reviews
    Real

    Consider Entering Down at Upside Rollback

    Daily chart: support level at 1.02407 (middle Bollinger band) is broken, and the price may drop to lower Bollinger band (1.2181) without interruption. However, ADX doesn't show active trend, so we may see flat.

    Consider Entering Down at Upside Rollback

    Н4: there is technical upside correction towards middle Bollinger band (1.2442) following several pinbars beyond Bollinger envelope borders. Support level is at 1.2363 (lower Bollinger band).

    Consider Entering Down at Upside Rollback

    Н1: here resistance level is at 1.2421 (upper Bollinger band), but ADX already supports bulls.

    Consider Entering Down at Upside Rollback

    Expectations:

    Core scenario - touching 1.2421 followed by drop to 1.2363

    Alternative scenario - shot to 1.2442 and then decline.

    Trading signals: consider entering short after correction to region of 1.2421-1.2443.

    Top up without commission FreshForex


    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