Will bulls finalize the double bottom? | 01 October 2015

01 October 2015, GBP/USD

The daily chart: question of the day - Will the inside bar be set today? which would allow bulls to finally start their swing at least in the form of a rollback. Let us discuss the answer to this question tomorrow, when the bar will be created.

Will bulls finalize the double bottom?

H1 chart: a double bottom. An obvious bullish challenge for today. Confirmation would be in the form of breakthrough of the last Top (1.5135). When the upward swing is over, it will be possible again to sell to the support 1.5106, and then buy again.

Will bulls finalize the double bottom?

Expectations:

1) We sell on a short-signal after the end of the upward swing to 1.5110. 2) We buy from 1.5106 by 100 points (extraday)

solutions: Act based on the described scenario.

Aleksey Panasenko
FreshForex Analyst
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