Daily: A strong bounce up from the middle Bollinger band comes on the back of the ADX correction, so the upside potential is small. At any time, a second turn down is possible.
Н4: Locally, the bulls are fixed in the upper Bollinger envelope, so they will have a chance to finish the target in the upper line zone (1.0793). Possible buying zone – 1.0713.
H1: On the hourly chart, there is a trend potential of ADX, which also indicates the advantage of buyers within the day.
Results: Growth to 1.0793, then turn down.
Recommendations:
- Purchases to 1.0793.
- Sales from the zone 1.0793.