28 May 2015, EUR/USD
Daily chart: We continue to wintess how our scenario is implemented. Under this scenario, the bottom Bollinger band has demonstrated itself as a reliable line. That gave Euro potential to grow to 1.1390, from where a strong wave down will be supposed to come based on O&U pattern.
Н4: strong resistance on 1.1021, but ADX is also strong. Therefore, a fight may be followed by a breakthrough above to 1.1186. Area of local purchases is represented by 1.0926 (the middle Bollinger band)
Н1: Here we have a weak ADX, so a resistance in the area of the upper Bollinger band (1.0936) is possible.
Expectations: So, this day a flat within 1.0850-1.0926 may take place, either it may be under the sign of bulls which have an opportunity to grow to 1.1021 and 1.1186. So we don't consider sales.
1) We buy in the direction of 1.1021 and 1.1186.