01 October 2015, GBP/USD
The daily chart: very active ADX, so there are big doubts about strength of the support 1.5051 (Lower Bollinger Band)
Н4: Local support at 1.5118 (Lower Bollinger Band) plus inactive ADX here. Possible correction to the middle band (1.5169)
Н1: a little more localized levels of support and resistance: 1.5108\1.5149
Expectations: trading within the range 1.5108-1.5149 as preparation for the attack of support 1.5051, which is likely to be successful.
1) NO purchases! Sell on corrections (in the zone of 1.5149) with the targets 1.5108, 1.5051 and (in the medium run) even lower.
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