GBPUSD – FlatDaily chart: the pair is inside upper Bollinger envelope (1.2415-1.2754) but we can see that on the local charts there is bearish ADX pattern in 1.2660 region. That narrows down flat range and allows us to sell by growth. Н4: there is local flat corridor of 1.2415-1.2559 (Bollinger envelopes range). ADX is corrective so the price is not likely to leave these borders. Н1: we are confirming flat market. Corridor of 1.2473-1.2559 is sufficient for trading. One may consider cautious trading within this corridor. Expectations: flat day within corridor of 1.2473-1.2559 Solutions: trading within corridor of 1.2473-1.2559
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