09 November 2015, GBP/USD
Daily: breakthrough of bottom Bollinger band – a strong bearish signal. First, some roll back may be to middle Bollinger band (1.53552). If there is such correction – it can be useful. But you had better not wait for it.
Н4: there is two local resistance levels - 1.5132 and 1.53. A new downward wave can start from one of them.
Н1: and here we can see a good chance for upward correction. But first bears archive bottom Bollinger band (1.4991), and from this level an upward wave will start.
Expectations: decrease to 1.4991 and correction to 1.5132. Trading solutions: 1) Short orders to 1.4991 2) Long orders from 1.4991 to 1.5132