FreshForex - Analytics

    FreshForex

    615.75 7.75/10
    65% of positive reviews
    Real

    Expecting Breakout of 1.2619 Region

    Daily chart: the pair keeps edging higher and now it can as well break upper Bollinger band (1.2619)

    Expecting Breakout of 1.2619 Region

    Н4: very active trend ADX indicates bullish readiness to move to 1.2619 region. Besides, both indicators are at their extremes which can cause bullish weakening in region of 1.2600-1.2619 and profit taking.

    Expecting Breakout of 1.2619 Region

    Н1: there is upper Bollinger envelope breakout along with ADX whose parameters are not strong enough. As a rule, such setups include preliminary rollback to middle Bollinger band (1.2500)

    Expecting Breakout of 1.2619 Region

    Expectations:

    Core scenario - downside rollback to 1.25 followed by rise to 1.2600-1.2619.

    Alternative scenario - direct rise to 1.2600-1.2619

    Trading signals:

    1. Consider buying from 1.2500 to 1.2600-1.2619

    2. Consider selling from 1.2619

    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