Multidirectional movements are expected

15.09.2021

Daily chart: so, the pinbar did not produce any effect, which was expected – the ADX trend potential is still absent, therefore, the accumulation process in the area of the middle Bollinger band (1.1790-1.1800) will continue throughout today’s trading session.

Н4: local Bollinger envelopes are stable, which also speaks in favor of the option of a rebound up from the support in the 1.1785 zone. The maximum target for the bulls is upper line (1.1849).

Н1: the hourly chart also maintains a “sideways” trend inside the Bollinger bands (1.1794-1.1834). In case of more serious volatility, the range may expand to 1.1785-1.1849.

Conclusions:
The main scenario is flat in the range 1.1794-1.1834.
An alternative scenario is a sideways trend with a range of 1.1785-1.1849.
Trading decisions: searching for local signals at the borders of one of the specified corridors.