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.
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)
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