FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Pair EURUSD D1: 1 - Euro buyers took the day yesterday, but today sellers have actively started to push the price down since the morning. Let's see if they will succeed in the end. Looking at the Bollinger Bands situation, the price has started to pull back towards the central area of the bands after a strong movement along the upper band. To get a reliable signal for a price increase, it is worth waiting for a strong touch of the upper band, and then assess whether the bands will expand outward or not. In terms of fractals, the nearest fractals up and down are far from the current price level, so to have something to rely on for a potential price increase or decrease, it is advisable to wait for the formation of new, closer fractals up and down. 2 - The Awesome Oscillator indicator continues to rise actively in the positive zone, it is still unclear when the first peak will form, indicating that the price increase may continue further. To get a reliable signal for a price decrease, it is advisable to wait for a significant decrease towards the zero level.