03 March 2016, EUR/USD
Daily chart: day was closed by good bullish pin which can make price correction to middle Bollinger line (1.1086), but bulls trap couldn’t be exclude so ADX is very active as a previous movement.
Н4: local resistance is on 1.0931 (upper Bollinger line). Rising movement will be bored by this level ADX is correcting.
Н1: north potential is increasing but ADX isn’t in zone of trend activity. Growth will have two stages. Firstly it will be break through of upper Envelope and then pullback to middle line (1.0858) and then the main stage of growth to 10931.
Main possibility- break through to 1.09 then pullback to 1.0858 and new rising wave up to 1.0931
Alternative possibility - straight growth to 1.0931.
Trading decisions: buy from 1.0858 to 1.0931
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us