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

EURUSD pair D1: 1 - Euro sellers managed to reverse the course of trading yesterday and close the day in their favor; let’s see if they can develop the decline today as well. Speaking about the situation with the bands, the price is pulling back into the central area of the bands after an attempt to move along the lower band. To get a quality signal for a price drop, it’s worth waiting for an active new touch of the lower band and then assessing whether the bands will open outward or there will be no reaction. As for the situation with fractals, the nearest up and down fractals serve as targets for price growth and decline. A breakout and consolidation below the nearest downward fractal will allow the price to reach the fractal from July 1 at the level of 1.13608. A breakout and consolidation above the nearest upward fractal will give the price an opportunity to move toward the fractal from July 15 at the level of 1.14818. 2 - The AO indicator is increasing in the negative area; if we see more active acceleration in the next 2–3 trading days, we will get a stronger signal for a price decline. To get a quality signal for a price rise, it is worth waiting for active fading toward the zero line.