17 March 2016, EUR/USD
Daily chart: bulls has risen on news but ADX is weak and small trended. It is like on bulls trap. We have 2 resistance levels from which price could turned over. There are 1.1251 level (upper Bollinger line) and 1.1337 (area of local bears Over&Under)
Н4: so ADX is inactive and there are some bars outside the Bollinger envelopes so we are expecting decreasing bulls activity at nearly time.
Н1: it is only one frame with trend parameters so we are expecting from rising 1.1337 zone and decrease to 1.1167 (middle Bollinger line).
Expectation: we are waiting growth to 1.1337 and than intensive decrease to 1.1167 level
1) Buy to 1.1337
2) Sell from 1.1337 to 1.1167
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us