21 May 2015, EUR/USD
21 of May, 2015, EUR/USD
Daily chart: It seems that our strategy is to wait the price in the area 1.1390 to sell to 1.0785 within the frames of O&U
Н4: Bollinger band seems to have a better potential which is not used though (1.0970), Look for options for intraday trading.
Н1: ADX is active but Bollinger envelopes are stable within the range 1.1079-1.1154. So we will be looking for break of one of the envelopes and then enter to the side of breaktrhough. Coming from O&U, we prefer sales. Resistance is strong at 1.1226
Expect: break of 1.1154 and growth to 1.1226, within growth plan 1.1390
1) buy from 1.1108 to 1.1226