06 Oktober 2015, GBP/USD
The daily chart: the upward swing was very quickly staffed and bears immediately began working on the price. Therefore, with a high probability, we expect a breakthrough of the last bottom (1.5106) and development of the swing down.
.png "Southern move with a strong signal of correction")
H1 chart: in the upper part we see bearish Over & Under (from the area of 1.5236), so we can not exclude an intensive correction to this zone, where we can sell in the medium run.
.png "Southern move with a strong signal of correction")
Expectations:
1) Touch of zone 1.5106 and start of a pullback to 1.5236, where a new strong decline to the 50th figure (extraday) will begin. 2) Break below 1.5106 and a continued decline without correction
solutions: 1) We sell from 1.5236 to 1.50 (extraday) 2) When we have a Long strong signal in the area 1.5106 - qw can be buy to 1.5236
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