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

A continued drop

06 July 2016, EUR/USD

Daily chart: ADX is not strong enough yet, but the momentum is obviosly bearish, so we expect finalization of the lower Bollinger band (1.0995)

Н4: very weak ADX, which could lead to correction to the middle Bollinger band (1.1113), from wherea new wave to South is expected to come.

Н1: strong local ADX and goal - 1.1051 (the lower Bollinger band) .

Expectations: The main scenario - decline to 1.1051 and then an upward bounce

The alternative scenario - decline to 1.0985

Solutions: sale to 1.1051 and to 1.0995

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 .