11 October 2016, EUR/USD
Daily chart: very active trending ADX against strong bearish inside bar may indicate a willingness for a serious breakthrough on a breakdown of the lower envelope.
Н4: also trend status of ADX. Local resistance is 1.1169 (middle Bollinger band). Support is at the lower Bollinger band (1.1113), but this level may be under significant load.
Н1: the pair consolidated within the lower Bollinger envelope (1.1121-1.1162). Here ADX has a trend configuration, too, therefore, the range is going to be broken.
The main scenario - touch of zone around 1.1162 and then drop to the 10th figure
The alternative scenario - a direct drop with no upward correction
Solutions: sales from 1.1162 to the 10th figure.
