11 March 2016, GBP/USD
Daily chart: bulls broke through the middle Bollinger line and has consolidated in upper envelope. It is good indicator for further upper movement in 1.4567 direction (upper Bollinger Line). ADX is rising and located above "30" line, it shows preparing for trend. Pullback is possible to middle line (1.4196), we are looking only for buying.
Н4: consolidation in range of Bollinger envelopes (1.4163-1.4296) we are expecting pullback.
Н1: now pair is on local support of middle Bollinger line (1.4259),from this growth is possible to upper (1.4337, look at the blue pointer).
If this support is broken through it will be decrease to 1.4196 level, where we would buy in medium- term volume (look at the red pointer).
Main possibility is straight growth to 1.4337
Alternative possibility is decrease to 1.4196 and then growth to 1.4337
1) Look for signals on enter into zone 1.4196 and 1.4259.
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