Looking for entrance in day IB | 05 November 2015

05 November 2015, GBP/USD

Daily chart: we got a strong IB signal yesterday. This is a bear’s signal for sure, which can lead the price towards 1.5241 and 1.5106

Looking for entrance in day IB

H1: up swing does not still have a three crossing in row. This means that upward swing can be amplitude (for instance, in 1.5438 area, red arrow). But in general, we can see short signals from 1.5410 area. (Blue arrow).

Looking for entrance in day IB

Scenarios: grow towards 1.5410-1.5438 area and then a strong decrease to 1.5241 with target 1.5106. Trading solutions: 1) Sell from 1.5410-1.5438 to 1.5241 and 1.5106.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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