26 Diciembre 2016, GBP/USD
Daily chart: there is a very active bearish ADX, but before yesterday's closing bulls managed to make a pinbar from lower Bollinger band, that gives them technical opportunities to go towards middle Bollinger band (1.2512). However, considering such an aggressive ADX, it could be a trap for bulls.
Н4: a nice bullish inside bar is a sign of moving towards resistance levels 1.2328 and 1.2407 (middle and upper Bollinger bands respectively). However, here ADX moves counter price and oscillator growth, so up movement can be considered as correctional.
Н1: locally we note that there are favorable conditions for growth - active bullish ADX. A target is 1.2407. However, there is a strong level 1.2328, which can stop further growth. Besides, bullish Over&Under pattern with 1.2269 entry point will be already shaped.
Expectations: we expect growth towards 1.2328 or eve towards 1.2407
Solutions: buy around 1.2328 or even around 1.2407