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Another flat day

Another flat day | 13 September 2016

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).

Another flat day

Н4: a better shaped flat inside Bollinger envelopes (1.1208 - 1.1286) and weak ADX.

Another flat day

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)

Another flat day

Expectations: flat 1.1216 - 1.1255

Solutions: either not trade or cautious scalping within the corridor 1.1216-1.1255

Aleksey Panasenko
FreshForex Analyst
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