You need to be patient | 20 August 2015

20 August 2015, GBP/USD

The daily chart: Bulls secured themselves with a new high, so it can enable the the downward swing. The optimum depth of swing - 1.5580, because there is a ​​demand within the local bullisj O & amp; U.

You need to be patient

H1 chart: the downward swing has already been completed, therefore, in principle, buyers have the opportunity to start from the current levels. Nevertheless, it is better go lower, so I suggest waiting.

You need to be patient

Scenarious:

1) Decline to 1.5580 and rapid medium-term start-up within a day up-swing .

2) upward surge from the current levels to the 57th figure is likely to happen

solutions:

1)we do not participate in the current purchase.

2) Waiting by Buy Limit Ordes to buy around 1.5580.

Aleksey Panasenko
FreshForex Analyst
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