31 Agustus 2015, EUR/USD
The daily chart: a downward swing is fully shaped, we are waiting for appearance of signals of a continued growth within the rising structure. Have not received them yet, so we need patience.
.png "Swing interpretation on the euro")
H1 chart: a descending pattern is developing. To save it, bears can not give up the last Top(1.1309), because otherwise reversal pattern Over & Under (entry point 1.1200) will work.
.png "Swing interpretation on the euro")
Scenarious:So, skip the upward swing. If a) its end shows weakness (read - the inability to pass above 1.1309) and b) its end will create short-signal - sell. Otherwise (if the market breaks above 1.1309), it is possible to put Limit orders for purchase from 1.12 with a minimum of 300-400 points of growth potential.
solutions: 1) We are waiting, and then will act based on the scenario described above.
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