Log in

Skip the pullback to 1.1314 and sell to 1.1182

18 March 2016, EUR/USD

Daily: ADX is growing its potential and so far we cannot link it to the new possible downtrend against yesterday's broken upward Bollinger envelope. But a rollback to the middle band (1.1048) fits the middle-term bullish scenario.

Н4: a better shaped support from the middle band (1.1182), from where the buyers will try to "hook" the price to 1.1374.

Should this support be broker, this frame can demonstrate a reversal potential.

Н1: local bearish tendency - broken downward Bollinger envelope and traders can open Short trades from the middle band (1.1314) to 1.1182 and probably to 1.1048.

Expectations: pullback to 1.1314 and a new downward to 1.1182.

Solutions: Skip the pullback to 1.1314 and sell to 1.1182

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.