Total control of the bulls | 24 August 2015

The daily chart: So, a massive bearish Over&Under was destroyed, setting a very strong bullish trend. The pair is currently struggling with the psychologically important level 1.15 and after the swing down, we will be able to enter into a new upward swing.

H1 chart: a rising structure. 1.15 is dangerous because it can form a bearish local O&U (for which they need to break 1.1420), but based on the state of the daily chart, it is sure to be false. So, wait for a buy signal on any pullback down.

Scenarious:

1)Growth tothe 15th figure and then rolled back into 1.1450, where we buy for the whole week

2) a possible rollback down from 1.15 without a break, but we shall act the same way: buy on a pullback

solutions: 1) we're patiently waiting so we can enter from the bottom to the top.