16 February 2017, GBP/USD
Daily chart: ADX is coming to life, envelopes are narrowing down. We might also see local triangle pattern. We might expect distribution of accumulated potential.
Н4: by the way, here we still have some place for flat - 1.2414-1.2546 range (Bollinger bands). The envelopes are stable, ADX is falling, so this corridor is likely to retain today.
Н1:we are observing local bullish trend accumulation. We expect sharp price shift and touch of 1.2546, possibly followed by downward correction within Н4-flat.
Expectations: sharp price shift towards 1.2546 and then decline to 1.2473 region.
Solutions:
1. Consider buying to 1.2546
2. Consider selling from 1.2546 to 1.2475
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