Wait for correction from 1.1258 | 05 فبراير 2016
05 فبراير 2016, EUR/USD
Day chart: the pair had a raise after breaking of upper Bollinger envelope, that’s why both scenarios are equally (black/red arrows).
H4: the pair didn’t test upper Bollinger band (1.1246). And the price is expected to move downwards to middle Bollinger band (1.1006).
H1: the price is going towards 1.1258 zone, but there is a oscillator divergence, but in general I wait moving to 1.1158 and 1.1051
Expectations: touch 1.1258 area and then a downward correction to 1.1158 and 1.1051. Trading solutions: sell from 1.1258 to 1.1158 and 1.1051
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
