Forexrobots24

forex advisor developer

Consider Entering Down at Upside Rollback

Daily chart: support level at 1.02407 (middle Bollinger band) is broken, and the price may drop to lower Bollinger band (1.2181) without interruption. However, ADX doesn’t show active trend, so we may see flat.

Consider Entering Down at Upside Rollback

Н4: there is technical upside correction towards middle Bollinger band (1.2442) following several pinbars beyond Bollinger envelope borders. Support level is at 1.2363 (lower Bollinger band).

Consider Entering Down at Upside Rollback

Н1: here resistance level is at 1.2421 (upper Bollinger band), but ADX already supports bulls.

Consider Entering Down at Upside Rollback

Expectations:

Core scenario – touching 1.2421 followed by drop to 1.2363

Alternative scenario – shot to 1.2442 and then decline.

Trading signals: consider entering short after correction to region of 1.2421-1.2443.

NOTE: You can not find the right trading strategy? if you have no time to study all the tools of the trade and you have not funds for errors and losses – trade with the help of our Keltner channel forex robot developed by our professionals. Also you can testing in Metatrader our forex auto scalper robot free download .