06 November 2015, GBP/USD
Daily chart: a potential Low is located in 1.5106 area (a very strong support here). But today’s news can impact on the price. If you see a buy signal today, you had better use it near 1.5106 level. Long orders are likely to be successful.
H1: There is a very long downward swing. The pair needs some roll back. The optimal area for entrance is 1.5240-1.5250. Scenarios: decrease to 1.5106, then a correction to 1.5240 and new decline next week.
Trading solutions: 1) Long orders from 1.5106 to 1.5240 2) Short order from 1.5240 in 100 pips.