Perhaps, a new downward swing begins | 11 Desember 2015

11 Desember 2015, GBP/USD

Daily chart: As we can see, the structure still maintain the peaks low, so a new downward swing may start soon. There are no direct price action signals, but H1 has already showed the first signals of a down reversal.

Perhaps, a new downward swing begins

H1: the top of the upward swing was formed by the pinbar from the round psychological level 1.52, which also showed a false breakdown of inside bar. Upon that, the downward swing has not been completed. All these are the notable prerequisite for decline.

Perhaps, a new downward swing begins

Expectations: drop from current levels to 1.51, 1.5030.

Trading solutions: sales to 1.51, 1.5030 with stops at the last top (1.5201 )

Aleksey Panasenko
Analis perusahaan "FreshForex"
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