26 August 2015, EUR/USD
The daily chart: inside bar with a very active ADX raises concerns. Technically, here we have a correction to the middle Bollinger band (1.1117), but the indicator's pressure indicates that it may not be allowed so deeply. It is obvious that you'd better buy lower.
Н4: there arealso prerequisites to decline to 1.1117. But resistance 1.1675 (the Upper Bollinger band) continues to be a magnet.
Н1: a local intraday range 1.1410-1.16.
Expectations: So, there is strong resistance at 1.16 area and support in the area of 1.1410. So, we seek to enter at these levels.
solutions: 1) We sell from 1.1600 to 1.1410. 2) We buy from 1.1410 to 1.1600.
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