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Waiting for the upward swing

Waiting for the upward swing | 01 October 2015

01 October 2015, EUR/USD

The daily chart: a decisive moment - we have both swings up and down. Now, given that the last bottom (1.1105) is close, situation is strictly equiprobable: either bulls lead their swing directly from here, or bears manage to break through 1.1105 and structure will be established as a top-down.

Waiting for the upward swing

H1 chart: structure is non-directional (there is no two consecutive intersections swing in either direction), plus a very long swing down, plus the obvious buy at current levels. This increases chances that the upward swing in the direction of the 12th figure will start.

Waiting for the upward swing

Expectations: rise from the current to the area of ​​1.1214

solutions:

1) buy to 1.1210-1.1214

Aleksey Panasenko
FreshForex Analyst
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