Anticipated area of ​​sales - 1.52 | 29 September 2015

29 September 2015, GBP/USD

The daily chart: we have received a bearish inside bar at the end of the downward swing. Having such depth of decline, it is better to enter after the upward swing. Movement to new Lows is possible, but then a roll back in the upward direction is very probable with removal of "extra passengers," after which it will be possible to sell the pair again. This scenario - is the medium-term rather than intraday, so let's check the hourly chart.

Anticipated area of ​​sales - 1.52

H1 chart:look-alike consolidation, but again the structure lacks the upward swing. We can consider downward around ​​1.52.

Anticipated area of ​​sales - 1.52

Expectations: decline and then a roll back up into zone of 1.52, and main phase of the new decline (under 1.5136)

solutions: We sell from 1.52 to 1.51

Aleksey Panasenko
FreshForex Analyst
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