30 May 2016, USD/JPY
Daily chart: the pair is very close to trend impulse distribution. Such a scenario will be activated immediately after break of resistance 111.49 (upper Bollinger band) - ADX is very aggressive
Н4: many bars outside of the envelope - a correctional karma. We are waiting for a downward rebound off resistance 111.49 and delay of the upward movement till tomorrow. Support is at 110.33 area (middle Bollinger band).
Н1: we confirm resistance in the zone of 111.49 (the upper Bollinger band) and drop as the main scenario
Expectations: So, we are waiting for finalization of the area 111.49 and then fall to 110.32 .
Trading solutions: sell from 111.49 to 110.32