18 March 2016, USD/JPY
Daily chart: a strong trend potential is being accumulated in favor bears and there are no signs that the price would stop at the important support area 110.93. Therefore, with high probability, today sellers will force this area and consolidate below.
Н4:a similar situation - expanding of envelopes with weak correction and strong ADX. The best area for sales, of course, would be the middle Bollinger band (112.65). But we doubt if the market can reach it. This situation significantly worsens the possibility of placing a small stop on sales, which, nevertheless, have to be put on 112.65
Н1: the local flat corridor for trading - 111.93-111.68.
Expectations: touch of 111.68 zone and then decline to 110.93 and attack of that area by the price aiming to consolidate in the 110th figure
Trading solutions: sell from 111.68 to 110.50