07 September 2015, GBP/USD
The daily chart: a frantic swing down continues. Nothing remains but to wait, because sale is already too late, and buying against such a movement is unwise. Obviously, such depth of the downward swing is the reason for the upcoming significant correction, in which it will be possible to enter an after we get the Up signal.
.png "Swing interpretation on the pound")
H1 chart: exactly the same picture. We are in the 61st figure, and probably looking for Long setups can be done in the area of "circular level" 1.61.
.png "Swing interpretation on the pound")
Scenarios: decline to 1.61 and beginning of the upward swing.
solutions: We are waiting for long-signal and only then we enter up. Presumably such a signal can be formed around 1.61.
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