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

We should sell on surge to 1.12

05 August 2016, EUR/USD

Daily chart: the pair is aimed at the upper Bollinger band (1.1205), and the movement has no trend signs

Н4: around psychological resistance 1.12 we notice a bearish pattern Over&Under. You can put sell limit orders with a stop loss above the recent highs.

Н1: at this local level we see the bullish potential, which corresponds to expectation of growth to 1.1198 on H4 chart

Expectations: surge to 1.12 followed by an abrupt decline

Trading solutions:

1. Purchase to 1.12

2. Sales from 1.12. On Thursday the leading stock exchanges demonstrated a moderately positive dynamics, but bulls were unable to extract dividends from this trend on this pair. Investors ignore positive background only in one case, when there are strong sellers on the market.

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 .