16 August 2016, EUR/USD
Daily chart: bulls have predictably got operating space and now have all reasons to make the price leap by another 100 points up to 1.1335. Although the overall potential is so strong that, in the medium run, there will be perhaps even more ambitious targets.
Н4: also an unconditional bullish setup, as the upper envelope Bollinger is going to be broken.
Н1: a similar situation. All three frames show northern pressure. Theoretically a rollback to the middle Bollinger band (1.1188) is possible, but this pullback can in no way be used for sales, only for purchases below!
Expectations: So, we wait for growth to 1.1335 (with a possible preliminary rollback to 1.1188)
Solutions: Buy to 1.1335 (the best possible option - from around 1.1188)
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