22 March 2017, GBP/USD
Daily chart: the pair may still rise to upper Bollinger band region (1.2572). ADX shows growing trend, which may mean that bulls are planning attack.
Н4: resistance level at 1.2500 doesn't seem that strong considering aggressive trend ADX. Bulls are likely to break 1.2572 today. However, let's not forget about possible correction - oscillator shows divergence.
Н1: there is price rotation area within Bollinger envelopes (1.2453-1.2499). Oscillator also shows divergence, which matches expectations of general bullish weakening.
Expectations: rise to 1.2572 followed by downside correction.
Solutions:
1. Consider buying to 1.2572
2. Consider setting sell limit orders from 1.2572
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