Wait for downward swing to 1.0960 and then start to 1.1068 | 11 August 2015
11 August 2015, EUR/USD
Daily chart: upward swing continues. In 1.1068 there is a pivot that can cut this swing creating short signal.
.png "Wait for downward swing to 1.0960 and then start to 1.1068")
Hourly chart: an actual bearish pinbar didn’t launch a downward swing for 5 hours. Anyway this swing is needed and it is going to be. For the upward structure (which is directed so far) the last bottom is needed not be lost (1.0924)
.png "Wait for downward swing to 1.0960 and then start to 1.1068")
Scenarios: downward H1-swing to 1.0930-1.0960 and then start of upward swing to 1.1068.
Trading solutions:
1) Sales to 1.0960
2) Buys from 1.0930-1.0960 to 1.1068
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
