28 October 2016, USD/JPY
Daily chart: there is a bullish trend here, and also active ADX, so buyers can reached not only upper Bollinger band, but even next target - 106.74.
H4: there is overbought, but the oscillator has not shown signs of divergence yet, so we expect upwards moving. ADX is very active.
H1: locally pair has difficulty with the potential, so we can expect a stop inside the top of the Bollinger envelope (105.11-105.54)
Expectations: The main scenario - move to 105.74 Alternative scenario - the rollback from 105.54 zone to 105.11 zone.
Trading solutions: So, looking for buy signals to 105.74 and 106.74, but keep in mind the possible alternative scenario.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us