23 March 2017, GBP/USD
Daily chart: bulls have all the chances to touch resistance level at 1.2572 (upper Bollinger band) or break to the upside towards 1.27 considering growing trend ADX.
Н4: ADX shows active and growing trend which matches expectations of rise towards 1.2573 (breaking resistance level at 1.2532 on upper Bollinger band).
Н1: here we may see rollback towards middle Bollinger band (1.2472), we may consider entering long after upper Bollinger envelope is broken. Don't forget to set stop-losses below 1.2432.
Expectations:
Core scenario - direct rise to 1.2572 or higher to 26 pip.
Alternative scenario - preliminary rollback to 1.2473 followed by rise towards 1.2572.
Solutions: consider buying from 1.2473 region to 1.2572.
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