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


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.
Aleksey Panasenko
FreshForex Analyst
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