manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Sell into the range of bearish O&U

09 March 2016, EUR/USD

Daily chart: price faced a strong resistance on middle Bollinger line (1.1065) now it is big possibility of decreasing to 1.0799 (bottom line).

Н4: locally pair is in the range 1.0919-1.1052.

Н1: we can observe local bear’s O&U from 1.1046 zone. Intraday support is on 1.0991.

Expectation: upper pullback to 1.1046 and then decrease to 1.0991 and to 1.0919

Trading decisions: sell from 1.1046 to 1.0991 and 1.0918

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .