29 June 2016, GBP/USD
Daily chart: the bullish inside bar was obtained, which opens opportunities for buyers for correction to the middle Bollinger band (1.4268). How let's see if they take advantage of this situation.
Н4: local resistance 1.3662 (middle Bollinger band) could send the pair to test the lower band (1.2582)
Н1: At the local level the pair may drop from current levels because ADX is rising and is close to the trendline area and there is no bullish momentum.
The main scenario - a drop from current levels towards 1.2582
The alternative scenario - surge to 1.3662 followed by decline
Trading solutions: look for additional Sell signals either from current levels or after a rollback to the zone 1.3662.
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