20 November 2015, GBP/USD
Daily chart: to establish in the new rising structure, bulls must not let the new downward swing get below the last bottom (1.5153). Otherwise, all achievements of buyers will be offset and downward structure will return its relevance.
H1: locally bulls develop an upward swing in the ascending structure, so break above the last top (1.5334) is very likely
Expectations:
1) rise above 1.5334.
2) If the price gets under 1.5261 - drop can be down to 1.52.
solutions: 1) There is no direct signal to buy yet, but aggressive bulls may try buying on breakthrough of 1.5334. 2) The best way is to wait for possible deepening of the downward swing on H1 in the direction of 1.52, at the end of which we can get a signal, and a smaller stop level
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