15 September 2015, GBP/USD
The daily chart: after formation of the inside bar at the end of the upward swing, bears did not take use the chance to start the downward swing, and just made a false breakthrough of IB down. It can let bulls to make about 250 points up this week.
H1 chart: we have a local bearish O&U from 1.5458. Break of this setup will be a breakthrough of the last Top (1.5469)
Expectations:
1) Rising to 1.5458 and then decline towards 1.5350
2)In case of rising above 1.5469 - we expect a continued growth in the direction of 1.58
solutions:
1) Sell from 1.5458 with Stops set above 1.5469 and TP at 1.5350
2) Buy in anticipation of breaking the level 1.5469 with the target of 1.58