Bearish potential

17.08.2021

Daily chart: ADX indicators have entered the trend values, which indicates a possible movement in the direction of the lower Bollinger band (1.3733).

Н4: the local ADX is also in a strong zone, therefore, support in the lower Bollinger band (1.3787) may come under pressure from sellers and, as a result, be broken.

Н1: the lower hourly Bollinger envelope has been broken, which is a signal that the quotes will continue to decline. The optimal sales zone is the middle Bollinger band (1.3834).

Conclusions: a rollback to 1.3834, then a decline in the direction of 1.3750.
Trading decisions: sales from the 13834 zone to 1.3750.