Swing interpretation on the pound | 07 September 2015

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.

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.

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.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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