Selling from the area 1.5645 | 29 July 2015

29 July 2015, GBP/USD

Daily chart the upward swing is fully completed, and we are approaching to zone of optimum sales possible under a downtrend.

Selling from the area 1.5645

Hourly chart an ascending structure is stronger, nevertheless, we will act based on a downward scenario. If this scenario is confirmed, the entrance will be provided by a bearish pattern Over & Under (1.5627)

Selling from the area 1.5645

Scenarios: we wait for growth to the area of ​​1.5645 and start of falling to zone of 1.5550 .

Trading solutions:

1) Lock in Buy around 1.5645 and sell to 1.5550, and in the medium run it should be much lower (around 1.54)

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .