19 September 2016, USD/JPY
Daily chart: ADX is diving down, so the pair will obviously continue its fluctuations around the middle Bollinger band (102.08)
Н4: a horizontal corridor limited by Bollinger bands (101.77-102.91); there is suspicious activity of ADX, which is growing and came close to the trendline area. This may lead to a breakthrough of the corridor, although sensitivity of ADX to 4-hours' frame is rasing questions.
Н1:a stable corridor - 101.82-102.49 (the range of Bollinger envelopes) and ADX is very weak and passive, so the flat scenario, nevertheless, is more likely. Although we cannot ignore pressure from the H4, therefore, on the borders of the range will need additional signals
Expectations: flat 101.82-102.49
Solutions: trade in both directions inside the corridor 101.82 - 102.49.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us