Looking for upward entry points | 28 December 2016

Daily chart: it seems that the pair decided to choose technical correction towards middle Bollinger band (1.0546), from there bears might try again to touch lower band (1.0314)

Н4: ADX is bullish, so 1.0546 is a possible next target. Consider that "next target" might be reached during or after New Year holidays.

Н1: here we also see active and trend state of ADX, however, because of upper Bollinger band breakout, locally a rollback towards middle band (1.0458) is possible

Expectations:

Core scenario - a rollback to 1.0458 and later shift towards 1.0546

Alternative scenario - a direct rise towards 1.0546

Solutions: look for upward entry points (the best entry point is around 1.0458)