18 November 2015, GBP/USD
Daily chart: interesting picture! Bulls could generate upward swing, but did not break through the last top (which is necessary for breaking the downward structure). This allows bears to act immediately. Whether they can do it after yesterday's counter - the question of the day. Any way, we consider only the southern scenario as long as 1.5263 works as resistance. Northern direction can be considered only after breakdown of this level.
H1: local upward structure. But at the end of the upward swing we got the inside bar, so bears have the opportunity to build a downward swing. Its depth will determine the trend. If sellers do not force the last local bottom (1.5187), the upward trend will continue in the next swing. If we sell - we will have a strong downward karma and O&U pattern from 1.5237. .
Expectations: 1) Drop to 1.52, and then attempt to attack the 1.5187. If the attack fails - are waiting for long signals and then a new upward swing aimed to break the last Top (1.5248). 2) Drop to 1.52, then attack of 1.5187 and further drop towards 1.5153 and 1.51
solutions: 1) The first plan - buy after formation of long-signal on H1. 2) Under the second scenario - can sell on breakdown of 1.5187 support, as well as to put Sel Limit orders at 1.5235
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