23 March 2016, GBP/USD
Daily chart: we can see flat and medium-term aim is on bottom Bollinger line (1.3844)
Н4: we can see trend accumulating of strong bearish potential. Decrease impulse is possible in direction of 1.3844 level (black pointer) or with stay into pivot zone 1.4050 level (red pointer).
Н1: it is the same situation. We are expecting decrease to 1.4050 or deeper. So I wouldn’t advise to buy into this zone. It is safety to miss upwards pullback and then sell to 1.3844 level.
Expectation:decrease to 1.4050 level.
Trading decisions: sell to 1.4050 level.