25 October 2016, GBP/USD
Daily chart: the pair continues to consolidate in the middle of the Bollinger envelope bottom (1.1871-1.2544). We still believe this trend to continue, but consider the general southern direction, which can be implemented at any time due to the increased activity of ADX.
H4: there is a horizontal flat corridor within the Bollinger envelope (1.2181-1.2315), but we also note the trend ADX activity.
H1: there is more localized corridor 1.2181-1.2245 (see blue arrow.). If the bulls can break the resistance of 1.2245, we see move to 1.2315.
The main scenario - flat 1.2181-1.2245.
Alternative Scenario - Breakthrough to 1.2315
Trading solutions:Trade in the corridor of 1.2181-.2245 Long positions to 1.2315 (in the case of the alternative scenario)
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