Two scenarios with advantage of Bears | 18 Agustus 2015

18 Agustus 2015, GBP/USD

The daily chart: Bears work on some semblance of a double top, the structure has not been able to get a directional character. Decline to ​​the last bottom (1.5420) is likely to continue.

Two scenarios with advantage of Bears

H1 chart: top-down structure of the swings is being formed here. Turn of the bulls can be enabled by break of the local top 1.5595, thus they will receive a reversal O & U from 1.5575

Two scenarios with advantage of Bears

Scenarious:

1) Continued decline below 1.55, with an eye on 1.5420.

2) Turn up in the event of rising above 1.5595.

solutions:

1) We sell in case of the inability to rise above 1.5595, with the target 1.5420

2) Buy from 1.5575 (in case of breaking above 1.5595). target 1.5675.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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