17 March 2016, GBP/USD
Daily chart: pair has risen into upper Bollinger envelope but ADX is decreasing. So pair couldn’t get upper line (1.4477). We are expecting flat into the range of envelope (marked yellow zone).
Н4: we are expecting ADX correction and localized resistance on 1.4430 level (upper Bollinger line).
Н1: It is more localized possible level of the pair it is 1.4348 (upper Bollinger line). Support is on 1.4197 level (middle line).
Expectation: growth to 1.4348 and than decrease to 1.4197
1) Buy to 1.4348
2) Sell from 1.4348 to 1.4200