27 May 2016, GBP/USD
Daily chart: ADX lacks distribution and that probably confirms strength of walls of the upper Bollinger envelope (1.4544/1.4735, the middle/upper band)
Н4: divergence of oscillator, rounding of of the top envelope - all these are bearish arguments, so it is possible to expect drop to 1.4448 (lower Bollinger band)
Н1: clamping inside the lower envelope (1.4647-1.4689), ADX is close to the core activity, but is retracted downwards - making a downward rebound more likely.
Expectations: touch 1.4689 of and then fall to 1.4647 and 1.4618
Trading solutions: sales from 1.4689 to 1.4647 and 1.4618
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