Forcing down continues | 03 September 2015

03 September 2015, GBP/USD

The daily chart: yesterday's pinbar is on one step of its death, however, upward swing is about to appear, and we continue to wait for it to start.

Forcing down continues

H1 chart: at the moment, we have a double bottom, which is a strong Long signal. However, this situation is not ultimate, so you can rely on it only with a good Stop Order (about 15 points) for purchases.

Forcing down continues

Scenarious:

1) If the double bottom becomes a formed structure (you can not go under 1.5263) - buy based on growth in about 100 points.

2) When the price is below 1.5263, structure will be torn, but having received a strong Long signal on H1 (eg pinbar), you can also buy

Trading solutions:

1)We act according to the situation based on one of the scenarios.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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