22 May 2015, GBP/USD
Daily chart: bulls are successful in the inside bar, which confirms a general ascending potential. Nearest target of movement is 1.5862 (the upper Bollinger band)
Н4: ADX is active, whereas Bollinger envelopes are passive. Direct growth and return to the middle Bollinger the middle Bollinger band and a main phase of growth Xafter a breakthrough of the bottom envelope are equally probable.
Н1: gripe of envelopes in expectation of impulse. Upon that, ADX is weak.
Expectations: So, we wait for growth to 1.5862 with a probable transfer to the next week.
What we are going to do:
1) Buying from current levels to 1.5862