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

Purchases under the bullish Over&Under

07 July 2016, USD/JPY

Daily chart: ADX in the active trend zone, which means that bearish potential remains.

Н4: a strong support around 100.47 (the lower Bollinger band) - the pair is dropping against the declining oscillator and ADX. This means that sellers do not have the trend component in the movement.

Н1: the bullish Over&Under with the entry point on support 100.47

The main scenario - drop to ​​100.47 and then rise to 101.54 and perhaps, 101.93

The alternative scenario - drop under 100.00

Trading solutions: put Buy Limit orders from 100.50 to 101.50

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 .