Trading range 1.3871-1.3921

28.04.2021

Daily chart: the pair is forming an area in the 1.3836-1.3885 zone, where the accumulation of bullish potential is observed. Meanwhile, ADX is in a “sleep” mode, therefore, with a very high probability, the tendency to flat will continue today.

Н4: mark the borders of the local trading range within the Bollinger envelopes (1.3854-1.3914). The figures of the ADX indicator are also at the level of the flat forecast.

Н1: the current phase of the market is ascending. The price will be directed to the upper border of the range in the area of 1.3921, from where, in turn, it will be possible to again expect a downward reversal in the direction of 1.3871.

Conclusions: flat in the range 1.3871-1.3921.
Trading solutions:
1. Purchases to 1.3921.
2. Sales from 1.3921 to 1.3871.