Another flat day
13 September 2016, EUR/USD
Daily chart: despite yesterday's inside bar (which is usually a trading setup), we can assume the flat around the middle Bollinger band (1.1240). ADX shows no interest in what is happening and Bollinger envelopes are still horizontal (which also suggests a flat nature of rebuilding).
Н4: a better shaped flat inside Bollinger envelopes (1.1208 - 1.1286) and weak ADX.
Н1: another frame, which votes for a flat. The corridor is little better shaped: 1.1216 - 1.1255, which makes this day almost non-tradable (in terms of safety and reasonable result of trades)
Expectations: flat 1.1216 - 1.1255
Solutions: either not trade or cautious scalping within the corridor 1.1216-1.1255
Aleksey PanasenkoAnalyst of «FreshForex» company
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