Downward swing is expected within the frames of a pullback | 29 September 2015

29 September 2015, EUR/USD

The daily chart: a good test of bullish pin (intensive growth directly from 50% zone of the pinbar) - a good sign for a continued growth. But we remember that the upward swing has already been formed, and therefore, it is a good idea for the markets to perform a small downward swing prior to impulse.

Downward swing is expected within the frames of a pullback

H1 chart: the first stormy intersection up, but trending structure needs two intersections, so the price needs a downward swing again. Best depth for it is the area 1.1190-1.12.

Downward swing is expected within the frames of a pullback

Scenarios: roll back down to 1.1190-1.12 zone and then forming a signal to buy.

solutions: Skip the swing down and buy if you have a Long-signal (approximately in the area 1.1190-1.12)

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .