Marking a promising sales area

30.06.2021

Daily chart: ADX is getting closer to the trend zone, so the rate of falling of quotations in the direction of 1.1788 can only increase. Generally, the negative forecast for the pair looks unambiguous.

Н4: the local ADX trend pressure is at the trend level, so the bears can break through the support in the lower Bollinger band (1.1876).

Н1: the hourly lower Bollinger envelope breaks through against the background of low trend dynamics, so the main sales will occur from the middle band (1.1899).

Conclusions: a rollback to 1.1899, then a decline in the direction of 1.1800.
Trading decisions: sales from the 1.1899 zone to 1.1800.