Purchases under the bullish O&U | 03 August 2015

03 August 2015, GBP/USD

Daily chart: So, bulls have a good chance to establish a new a new swing High. The task of traders is to find the best possible entry point into this potential movement.

Purchases under the bullish O&U

Hourly chart: we have a bullish Over &Under from 1.5561 - a great potential tiny entrance stop (under the last bottom, 1.5548 )

Purchases under the bullish O&U

Scenarios: So, we waiting for a decline to area of ​​1.5561 and thebeginning of growth with the targets set above recent Highs on the daily chart (1.57 and higher). .

solutions:

1) Buy Limit Order 1.5565, Stop 1.5545, Profit 1.5700.

Aleksey Panasenko
FreshForex Analyst
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