Purchases | 06 August 2015

06 August 2015, GBP/USD

Daily chart:everything is ready for the price to leap to a new High (breakthrough of a peaks 1.5888)

Purchases

Hourly chart: here is a good bullish pinbar at the end of the downward swing and the price is approaching to the area of ​​50% Pin Bar. The only thing, where bulls can fail, is a move away from the point. Meanwhile this is weak. And it can cause a new movement to breaj=k the last bottom.

Purchases

Scenarios: we are based on a bullish scenario - growth from the current levels above 1.5651 and target at 1.5888 (extraday).

Trading solutions:

1) Purchases to 1.5888 in the medium run.

Aleksey Panasenko
FreshForex Analyst
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