17 March 2016, EUR/USD
Daily chart: bulls has risen on news but ADX is weak and small trended. It is like on bulls trap. We have 2 resistance levels from which price could turned over. There are 1.1251 level (upper Bollinger line) and 1.1337 (area of local bears Over&Under)
Н4: so ADX is inactive and there are some bars outside the Bollinger envelopes so we are expecting decreasing bulls activity at nearly time.
Н1: it is only one frame with trend parameters so we are expecting from rising 1.1337 zone and decrease to 1.1167 (middle Bollinger line).
Expectation: we are waiting growth to 1.1337 and than intensive decrease to 1.1167 level
1) Buy to 1.1337
2) Sell from 1.1337 to 1.1167