06 July 2016, EUR/USD
Daily chart: ADX is not strong enough yet, but the momentum is obviosly bearish, so we expect finalization of the lower Bollinger band (1.0995)
Н4: very weak ADX, which could lead to correction to the middle Bollinger band (1.1113), from wherea new wave to South is expected to come.
Н1: strong local ADX and goal - 1.1051 (the lower Bollinger band) .
Expectations: The main scenario - decline to 1.1051 and then an upward bounce
The alternative scenario - decline to 1.0985
Solutions: sale to 1.1051 and to 1.0995