Daily: an upward correction has started in the direction of the middle Bollinger band (1.1311). This area is a concentrated short zone formed after the lower envelope was broken.
H4: the local trend potential is at a high level, so the resistance in the area of the upper Bollinger band (1.1255) can be broken, which will allow the bulls to test the area of 1.1311.
Н1: inside the day it is possible to work upwards from the middle Bollinger band (1.1219) in the direction of 1.1311, because. a breakdown of the upper Bollinger envelope was recorded here earlier.
Conclusions: a rollback to 1.1219, then an increase to 1.1311, then a downward reversal.
Solutions:
- Purchases from 1.1219 to 1.1311.
- Sales from the zone 1.1311.