Hi all, last three days a little madness on the pairs in correlation with the dollars ...
good on the graph week we had a good break of 1.2325 and the movement to continue until 1.25 (25) or he bounced hard enough a first time to return on the 1.2365 and return again to take the 1.25. The price is now changing to 1.2421.
Scenario 1: Return on 1.2325 with reinstatement of the old Range Week or rebound.
Scenario 2: The price starts again in impulse and we start again with the purchase at the break of 1.25 (25).
Chart h4 we can see that the bollinger bands are beginning to close, the price is changing
towards the average average of the bollinger, the average high of the bollinger is placed on the 1.25 and the average low on the 1.2325 (support week).
scenario 1: possible range between 1.25 AND 1.2325
scenario 2: resumption of the bullish movement with the breakout of 1.25 (25) as a buy signal.
Here is a good weekend to all, Kenavo.