We can see a new attempt to pass through the resistance level. Probably we'll see breakout and up movement to 1.13500 and 1.14000 levels. We can try to make some profit opening long trades above 1.12500 but at the same time we must be very careful. If you look at the daily chart, you will see strong resistance levels. The zone between 1.14000 and 1.15000 can stop and reverse the market. As for short trades, I think the best variant will be to open short trades, if price drops below MA100 and MACD confirms down movement.
Hey DLavrov, I use the same oscillators, Bollinger band and moving averages. This looks like my chart. Did you know you can put an indicator on an oscillator. I use a moving average on the RSI. Great Post. Thanks
DLavrov
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@BretSnover, thanks for your comment! Yes, I know that RSI and MA can be used together, but I don't need this. I use RSI for divergences and price reversals and MA for entry levels.