17 August 2016, GBP/USD
Daily chart: Northern correction to the middle Bollinger band (1.3112) is close to the end, from where sellers are expected to become active.
Н4: bullish pressure presents here, so we're waiting for finalization of 1.1312.
Н1: at this local frame, the pair is much overbought, which enables to get the pric corrected to the middle Bollinger band (1.2951).
The main scenario - decline to 1.2951 and then a new workout to north to 1.31
The alternative scenario - a direct surge to 1.3112 and then decline
Trading solutions: 1. Buy around 1.2951 (under the basic scenario) 2 . Sell from 1.3112 (under the alternative scenario)