The need for an upward swing | 04 September 2015

04 September 2015, GBP/USD

The daily chart: a huge downward swing continues. In the near future we expect a significant sliding swing.

The need for an upward swing

h1 chart: a local descending structure also has a need to roll back, so you can review both entries up and down on trend after arollback.

The need for an upward swing

Scenarios: So, we wait for beginning of the upward swing . Perhaps, from ​​1.52 to 1.5290. Then downward movement can continue.

solutions:

1) With Long signals around 1.52, we shall buy to 1.5290.

Aleksey Panasenko
FreshForex Analyst
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