Probable signals for the buys | 22 September 2015

22 September 2015, GBP/USD

Daily chart: so, we have an upward structure and fully formed downward swing. It means that we should look for the signals to buy which may be on smaller charts (or when today daily bar will be closed).

 Probable signals for the buys

Hourly chart: here is an ideal downward structure but recently closed bar can make upward swing to be formed by which bulls may try to make a pivot Over&Under and they need to break the last peak for this (1.5528). In this case we can place the limit orders to buy in 1.5480

 Probable signals for the buys

Expectations:

1) When the breakthrough is above 1.5528, wait for the pullback to 1.5480 and buy to 1.56 and above (middle terms).

2) When the weakness is in 1.5528, you may keep selling according the trend down in the direction to 1.54.

Trading solutions: 1) Act according to one of the scenarios.

Aleksey Panasenko
FreshForex Analyst
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