Sell to 1.54 | 10 August 2015

10 August 2015, GBP/USD

Daily chart: here is no reason of the end of the downward swing. But the structure is not directed (it does not have two consecutive crosses of swings to one side), so there is nowhere to trade.

Sell to 1.54

Hourly chart : Here we see the local downward structure and the situation is ready for a new downward swing - a series of inside bars.

Sell to 1.54

Scenarios: decline of current levels to 1.5400.

Trading solutions:

1) Sales to 1.54.

Aleksey Panasenko
FreshForex Analyst
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