04 August 2016, GBP/USD
Daily chart: ADX is growing, but has not reached the trendline area yet. So flat within the Bollinger envelopes (1.2918-1.3415) is the main option.
Н4: a technical downward correction in the direction of support 1.3274 and 1.3167 (middle and bottom Bollinger bands, respectively)
Н1: a local horizontal corridor 1.3301-1.3350. It is hard to say whether it will remain, because ADX shows signs of growth, but it is far away from the trend zone.
The main scenario - flat 1.3301-1.3350
The alternative scenario - decline to 1.3274 and possibly to 1.3167 (in case of increase of volatility)
Trading solutions: sales from 1.3350 to 1.3274 and 1.3167 (extraday)
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