02 March 2017, GBP/USD
Daily chart: ADX is growing but not trending yet. However, the price is beyond lower Bollinger envelope and the pair is declining. 1.2142 may be general target.
Н4: here we are observing increased ADX activity and the major expectation is continuing decline towards 1.2142.
Н1: here we have oversold oscillator but it is weak signal against such an aggressive ADX. We expect drop to above mentioned target level.
Expectations: major expectation is decline towards 1.2142. If not correction is possible but there no technical reasons for that yet.
Solutions: consider selling to 1.2142.