Wait for the formed daily upward swing | 11 August 2015

11 August 2015, GBP/USD

Daily chart: the upward swing wasn’t formed by the second cross up, so wait for the swing to be have formed.

Wait for the formed daily upward swing

Hourly chart: a local ascending structure in the forming of the downward swing. Ww wait for the local bottom and buy due to the move of the formed daily up-swing.

Wait for the formed daily upward swing

Scenarios: so, we wait for some decline today (possible corridor - 1.5470-1.5528) and then the growth to new maximums.

Trading solutions:

1) Buy on the end of the downward swing from 1.5485 to 1.5635-1.5650.

Aleksey Panasenko
FreshForex Analyst
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