The best strategy is to wait for price movement | 22 Maret 2016
22 Maret 2016, EUR/USD
Daily chart: we can see price decrease correction to middle Bollinger line (1.1068), but in this moment we can expect one more rising to upper line (1.1323).
Н4: it is consolidation into limits of narrow Bollinger envelopes (range 1.1202-1.1323). It could be profitable buy from 1.1202, and sell from 1.1323.
Н1: intraday it is possible flat in corridor 1.1227-1.1268 (this range could be transfer on tomorrow).
Expectation: flat 1.1227-1.1268
Trading decisions: wait. If the impulse rises (to 1.1202), we will buy. If the impulse decrease—sell (to 1.1323).
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.
