Waiting for an upward dash, pullback and chanced to enter in purchase | 15 July 2015

Daily chart: the pair has closely approached the middle Bollinger band (1.5659), above which there is a space to grow to the upper band (1.5920). Taking into account that ADX is under correction, we may assume that those players who are late with purchases will have the chance on a pullback.

Н4:attach of the upper Bollinger envelopes is likely to succeed. Waiting on the middle Bollinger band 1.5525 to buy to 1.5920.

Н1: a better shaped support on 1.5558 (the bottom Bollinger band )

Expectations: so we are waiting for an upward dash to break the upper Bollinger envelopes (approximately to 1.5700), then a pullback to 1.5560, from where we are buying to 1.5920 in the middle run

Trading decisions:

1) Waiting for chances to buy around 1.5560.

2) If we get a reliable short signal, we may try to sell from 1.57 to 1.5560