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Wait for the attack the corridor 1.5660-1.5690

Wait for the attack the corridor 1.5660-1.5690 | 14 Agustus 2015

14 Agustus 2015, GBP/USD

Daily chart: in this pair bulls are very close to attack the strong resistance zone 1.5660-1.5690, which made 4 peaks. Probably if the successful breakthrough takes place, the pullback down will happen, where we can “pick up” the pound with middle-term buys.

Wait for the attack the corridor 1.5660-1.5690

Hourly chart: the same situation: the growth is but to enter we need the swing down.

Wait for the attack the corridor 1.5660-1.5690

Scenarios: wait for the attack 1.5660, and then the pullback down to 1.56, from where we can buy with any signal of the price action not less than 150 pips.

Trading solutions:

1) Wait with the buys from below,

2) When spike to 1.5690 and short-signals are, we can sell to the pullback to 1.56.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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