27 December 2016, USD/JPY
Daily chart: it is difficult to say what should go wrong to prevent implementing such a strong reversal potential. Of course, touch of upper Bollinger band (119.24) is still possible, but buying in such conditions is reckless. Almost as reckless as not trying to sell. Selling targets start from 115.39 and go as far as 111.37 (middle and lower Bollinger band respectively)
Н4: ADX is active, although it is corrective. This also allows sellers to use any increase in quotes to enter the market.
Н1: there are narrowing Bollinger bands along with weak ADX. It can prolong accumulation inside envelopes range (117.00-117.18)
Expectations:
Core scenario - flat in 117.00-117.18
Alternative scenario - decline towards 115.39
Solutions: sell counting on decline to 115.39