20 August 2015, EUR/USD
The daily chart: the pair has been "squezzed" from the top and bottom by the two local patterns Over & Under at once (scenario described a red arrow: the pattern from 1.1165 top, bottom - from 1.1055. That is, there are more than 100- points delta, it is suitable for opening transactions.)
As an alternative to this, breakout to new highs in the area of "big" bear O & U (1.1385)is possible.
.png "Multidirectional movement")
H1 chart: an obvious lack of downward swing. At the time of publication of this review, this defect is almost eliminated ( 1-point intersection of the bottom lacks). Accordingly, the question now is depth of the swing. The best way is to enter the zone 1.1055 and from there to finalize the upper points.
.png "Multidirectional movement")
Scenarios:
1)Declien to 1.1055 beginning of the swing to 1.1165.
2)Finalization from the current levels of zone 1.1165 and beginning of decline to 1.1055.
solutions:
1) Sell from 1.1165 and buy from 1.1055.
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