The riddle

25 March 2016, EUR/USD

Daily chart: yesterday the pair fulfilled a potentially reversal pin bar, but since there is no good support, it has a poor quality. The main support is below at 1.1082 (middle Bollinger band) that can dominate the market. Bulls shall be patient and we expect touch of this area.

Н4: clamping range of the lower envelope - 1.1139-1.1194, with the downtrend tendency.

Н1: a horizontal flat corridor within the Bollinger envelope (1.1149-1.1182). ADX is active, it is suspicious. When we get strong Long signals in the area of ​​1.1149, it is possible to try to buy, expecting that this signal will be justufied on the Daily chart.

Expectations: flat 1.1149-1.1182

solutions: 1. Sales to 1.1149 and maybe toward 1.1082

2. When we have buy signals on H1 around ​​1.1149, we shall buy to 1.1351 in the medium-run

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call