19 August 2015, GBP/USD
The daily chart a failed attempt to break through the upper envelope, but ADX shows, that outcome is close. Now we are expecting a pullback down and buy anticipating the movement to 1.58.
Н4:around 1.5580 we can consider a local bullish O & U, so the area can be a magnet for the price.
Н1: детализация O&U.
Expectations: falling to 1.5580 and the beginning of growth to 1.58.
1) Purchase from 1.5580 to 1.58 (in the middle run)