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One more trading period prior to a strong growth

One more trading period prior to a strong growth | 10 September 2015

10 September 2015, EUR/USD

The daily chart: we received another pinbar confirming northern accumulation of current consolidation, but the ADX is still weak, so tendency to accumulate by big players is likely to be continued today

One more trading is possible prior to a strong growth

Н4: also inactive ADX against the background of horizontal envelopes. Apparently, another possible downward correction to the middle Bollinger band (1.1172).

One more trading is possible prior to a strong growth

Н1: within the range 1.1172-1.1216. Obviously, only beyond this corridor we can see an impulse movement.

One more trading is possible prior to a strong growth

Expectations: trading within 1.1172-1.1216 prior to a strong growth. The minimum medium-term target - 1.15.

solutions:

1) We keep buying.

2) Around 1.1172 we add positions up.

Aleksey Panasenko
FreshForex Analyst
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