26 January 2017, EUR/USD
Daily chart: ADX is growing but hasn't reached trend yet. However, ADX is active enough to provide breakout of upper Bollinger band (1.0813)
Н4: on the contrary, here we are observing weak and passive ADX. The price is consolidated inside Bollinger envelopes range (1.0679-1.0787). Such a corridor might be enough for trading in flat.
Н1: there is even more localized horizontal corridor 1.0715-1.0759 (Bollinger bands range). ADX here is also very weak. So, we may consider flat as the core scenario.
Expectations:
Core scenario - flat in 1.0715-1.0759 corridor
Alternative scenario - breakout towards 1.0814
Solutions: consider buying in 1.0715 region towards 1.0759 and 1.0813.