Looking for upward entry points on decline | 15 أغسطس 2016

Daily chart: ADX is growing and is very close to the trend area, which may lead to growth on breakthrough of the upper Bollinger envelope (1.1227) and with an eye on 1.1335.

Н4: the inside bearish bar from the upper Bollinger band may make the pair drop to the bottom band (1.1090), but we should not underestimate the support 1.1147 (middle Bollinger band)

Н1: support areas are 1.1147-1.1157 and 1.1118 (bottom Bollinger band)

The main scenario - touch of zone 1.1147 - 1.1157 and surge to 1.1227

The alternative option - decline to 1.1118 and then working out of the northern plan

Solutions: search for upward entry points around 1.1147 - 1.1157 and 1.1118.