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The best strategy is to wait for price movement

The best strategy is to wait for price movement | 22 March 2016

22 March 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).

The best strategy is waiting for price moving

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.

The best strategy is waiting for price moving

Н1: intraday it is possible flat in corridor 1.1227-1.1268 (this range could be transfer on tomorrow).

The best strategy is waiting for price moving

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).

Aleksey Panasenko
FreshForex Analyst
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