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

Pair EURUSD D1: 1 - Buyers were unable to hold their positions yesterday, ending the day only nominally in their favor, but this morning they are actively trying to move further upwards. We will see if they can update the local maximum or not. Speaking of the situation with the bands, the price is trying to break out towards the upper band. To receive a quality signal for a price increase, we should wait for an active touch of the upper band, and then assess whether both bands will expand outward or not. In terms of fractals, the nearest fractals up and down are quite far from the current quote value, so we should wait for the appearance of new, closer fractals to have something to rely on for a potential price increase or decrease. 2 - The AO indicator is actively increasing in the positive zone. It is currently unclear when the first peak will form, indicating that the price increase may continue further. To receive a signal for a decrease in quotes, we should wait for an active fading towards the zero level.