02 October 2015, GBP/USD
The daily chart some divergence, however, in view of active ADX, there is no reason to doubt in the ability of bears to lower the price to the bottom Bollinger band (1.5020)
Н4: > not simple support at 1.5113, which may for some time drop the pound up to the top Bollinger band (1.5201) but it does not change overall expectations (decline to 1.5020).
Н1: much more localized resistance (1.5157, the upper Bollinger band)
Expectations: 1) Touch of 1.5113, pullback to 1.5157 and start of drop to 1.5020 2) Direct decline towards 1.5020
solutions: We sell from 1.5157 to 1.5020
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