We mark a promising sales area

19.07.2021

Daily chart: bearish trend pressure of sellers on the pair persists, therefore, support in the lower Bollinger band zone (1.1757) is under threat.

Н4: the local potential of the ADX, on the contrary, is almost at the zero level, therefore, a pullback to the middle band (1.1812) can be expected from 1.1777 (the lower Bollinger line).

Н1: on the hourly chart, the lower Bollinger envelope has been broken, which is a signal that the quotes will continue to fall. But here is no trend potential from the ADX, which also speaks in favor of the scenario with a preliminary rollback to the zone of the middle Bollinger band (1.1804-1.1812).

Conclusions: growth to the 1.1804-1.1812 zone, then a decline in the direction of 1.1750.
Trading decisions:
1. Purchases to 1.1804-1.1812.
2. Sales from the zone 1.1804-1.1812 to 1.1750.