manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Looking to buying options to 1.15

24 June 2016, EUR/USD

Daily chart: the pair is nearing resistance 1.1435 (upper Bollinger band) on low and non-growing ADX, so the probability of a downward rebound and correction in the direction of the middle band (1.1262)is high

Н4: here, in turn, ADX is in the trend configuration, so we assume that 1.1435 will be under load. This does not exclude the possibility of a downward correction, but we can hardly estimate how strong an upward prick above 1.1435 will be. In simple words, no sales without signal.

Н1:a growing, but still non-trend ADX, therefore, probably, the growth scenario will consist of "Breakthrough of the upper envelope - a return to the middle band (1.1356) - main phase of growth.".

The main scenario – touch of 1.1435 followed by a return to 1.1356 and then to 1.1450, and growth to 1.15

The alternative scenario - a direct surge to 1.15

Trading solutions: purchase from 1.1356 to 1.15.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .