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

Unsafe flat

22 April 2016, EUR/USD

Daily chart: a continued impulse flat inside Bollinger envelopes (1.1176-1.1463). So far, the indicator analysis (weak corrective ADX, flat Bollinger Bands) suggests that this trend will continue.

Н4: we also have the flat range with the borders 1.1263-1.1387. ADX is rising, but it is in a non-trending zone, so we do not expect the price out of the flat.

Н1: even a better shaped horizontal channel 1.1263-1.1337. ADX is close to the trend value, but the nature of the indicator is the same flat.

Expectations: now, we expect continuation of the flat in the range of 1.1263-1.1337. Trading is not safe, as there is a tendency to either insufficient or excessive volatility

Trading solutions: do not sell. Or we shall run a cautios scalping on younger frames within 1.1263-1.1337

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 .