Passing moves with local advantage of bulls

July 31, 2015


Daily chart: the pair is moving within the Bollinger envelopes, being "surrounded" by two colliding O&U s - from north it is from 1.1110, from south it is coming from 1.0825.

Í4: a similar situation. Two paths: a decline to the middle 1.0825 Bollinger band (1.1011), either rising to the northern O&U (1.1110)

Í1: scenario of the upward movement to 1.1110 through breaking the top envelope. Let's watch.


Main: Move up towards 1.1110 via zig-zag 1.1011-1.0935-1.1110.

Alternative: Decline from 1.1011 down to 1.0825.


1) If the top envelope is breaken, we shall buy from 1.0935 to 1.1110.

2)Pending Sell orders are set at 1.1110 and Buy at 1.0825.

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