Accumulation before continuation of the growth

18.03.2021

Daily chart: the upper Bollinger band has moved to the level of 110.29, which is now an actual target for buyers. Potential entry area – round level 109.00.

Н4: local sideways trading range within Bollinger envelopes (108.82-109.34). ADX indicators are falling, so this corridor may remain relevant throughout today’s trading session.

Н1: strong resistance in the area 109.30-109.34 (upper Bollinger band) can provoke a decline in the direction of 109.00-109.08 and 108.69-108.82.

Conclusions: flat in the range 108.82-109.34.
Trading solutions:
1. short-term trading in the corridor 108.82-109.34.
2. purchases from the zone 108.82 to 109.34 to 110.29.