18 September 2015, GBP/USD
The daily chart: The pound is steadily moving to the upper Bollinger band (1.5770), but for some reason, ADX does not respond to this impulse, which creates prerequisites for correction.
Н4: expansion of the envelope with active ADX - a good reason for growth to 1.5770. Possible entry point - the middle Bollinger band (1.5460)
Н1: divergence of the oscillator can also precede to a correction. Support is at 1.5534 (middle Bollinger Band). If bulls can start from this area, they will finalize 1.5770. If 1.5534 support is broken - we will see deepening of 1.5460.
1) Pullback to 1.5534and then new growth to 1.5770.
2) If the price gets under 1.5534 - we wait it to 1.5460 and buy from there.
solutions: we consider purchase based on one of the scenarios described above.
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