29 Maret 2017, GBP/USD
Daily chart: bears are free to implement correction, as bulls didn't manage to break upper Bollinger envelope, and now there is plenty of space for drop up to level of 1.2084
Н4: here support level around lower Bollinger band (1.2434) protects the pair from 100-pip drop to 1.2331 region (middle Bollinger band).
Н1: there is a valid support level at 1.2434 but ADX is trending, so bears may break it and go further down (see purple arrow)
Expectations:
Core scenario - drop to 1.2331
Alternative scenario - rebound from 1.2434
Trading signals: consider looking for downward entry points to 1.2331