Selling from the area 1.5645 | 29 Juli 2015

29 Juli 2015, GBP/USD

Daily chart the upward swing is fully completed, and we are approaching to zone of optimum sales possible under a downtrend.

Selling from the area 1.5645

Hourly chart an ascending structure is stronger, nevertheless, we will act based on a downward scenario. If this scenario is confirmed, the entrance will be provided by a bearish pattern Over & Under (1.5627)

Selling from the area 1.5645

Scenarios: we wait for growth to the area of ​​1.5645 and start of falling to zone of 1.5550 .

Trading solutions:

1) Lock in Buy around 1.5645 and sell to 1.5550, and in the medium run it should be much lower (around 1.54)

Aleksey Panasenko
Analis perusahaan "FreshForex"
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