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

Pair EURUSD D1: 1 - Sellers once again failed to hold their positions yesterday, and this morning they are attempting to continue the downward movement. Let's see what happens this time. Looking at the Bollinger Bands, the price is currently in the central area of the bands, and the bands themselves have started to flatten out horizontally. The movement from here could continue in either direction, and to get a quality signal for price increase or decrease, it is worth waiting for an active touch of either the upper or lower band, and then assess whether the bands expand outward or not. In terms of fractals, a new closer fractal downwards has formed, now acting as the target for price decline. Breaking through and consolidating below it will allow the price to move towards the fractal from October 14 at the level of 1.15417. The nearest fractal upwards is far from the current price, so waiting for the formation of a new closer fractal is advisable for more immediate support for a price increase. 2 - The Awesome Oscillator is increasing in the negative zone, and it is currently unclear when the first peak will form, indicating that the price decline may continue further. To receive a reliable signal for price growth, it is necessary to wait for active fading towards the zero level.