02 September 2015, GBP/USD
a continued aggressive downward swing, but the lower the swing is, the closer the price approaches to the market correction. We shall track emergence of possible Long signals in the area of 1.52.
.png "Waiting the price to reach 1.52")
H1 chart: the main scenario - continuation of the bearish pressure (blue arrow) or the U-turn through the pattern O & amp; U (red arrow)
.png "Waiting the price to reach 1.52")
Scenarious:
1) Decline to 1.52
2) Growth above 1.5318 allowing to buy on a pullback down to 1.5290
solutions: 1) Sales to 1.52
2) Search for buy signals in the area of 1.52
3) Under the scenario 2, we buy from the zone of 1.5290
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