We mark a perspective sales area

13.08.2021

Daily chart: a scenario of a decline in quotations in the direction of the middle Bollinger band (109.93) is being implemented. ADX is in close proximity to the trend zone, therefore, the rate of development of the downward wave may increase.

Н4: strong local support in the lower Bollinger band (110.20). There is no breakdown potential of ADX yet, therefore, the most probable scenario is flat within the lower envelope (110.20-110.46).

Н1: on the hourly chart the lower Bollinger envelope has been broken, which is a signal for a continuation of the decline. The optimal zone for entering sales is the middle Bollinger band (110.39).

Conclusions: a rollback to 110.39, then a decline to 110.20, with an eye on the continuation of the fall in quotations after the weekend.
Trading decisions: sales from the 110.39 zone.