30 Oktober 2015, EUR/USD
The daily chart: yesterday we received an impressive bullish inside bar, which can completely reverse the trend (if bulls can bring euro above the last top, 1.1095. see the red arrow). However, the downward trend was very strong, so we have to proceed from the fact that bears will cope with the situation and not allow the correction above 1.1095 (See blue arrow).
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H1: we consider reversal through a local pattern Over&Under (See blue arrow, breakdown of support 1.0964 is required) and continuation (in the case of hitting new highs, red arrow)
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Expectations:
1)Turn down from the current levels. In this scenario, bears must first bring the pair under 1.0964 and then make the entry for the sales to 1.10 2) Continued growth to 1.1095.
Solutions: 1) For sale - wait for the pattern Over&Under(see the Action Plan in the first scenario). 2) For buying - you can enter on breakdown of today's highs. The goal - 1.1095
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