Catching swing down to enter in purchases | 25 August 2015

25 August 2015, EUR/USD

The daily chart: a massive upward swing continued, waiting for the signal to beginning of the downward swing to have the opportunity to buy along the current strong trend upwards again .

Catching swing down to enter in purchases

H1 chart: local upward structure is protected by the bottom 1.1420. If a new upward swing begins in this area, it will be the best possible solution.

Catching swing down to enter in purchases

Scenarious:

1) Catching swing down in the direction of 1.1430 and then buy expecting a breakthrough of the last Top (1.1713)

Solutuons:

1) Waiting for purchase in the 14-th figure and target 1.1750.

Aleksey Panasenko
FreshForex Analyst
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