We shall trade bearish O&U | 15 October 2015

15 October 2015, EUR/USD

The daily chart: bulls only have one crossing of the structure up, whereas trend requires another one, and for this, in turn, the downward swing is needed. Rolling back in this situation is appropriate, as buyers struck the last two peaks and achieved an impressive strategic advantage.

H1 chart: a local bearish pattern O&U from 1.1488 and very small Stop (15 points). Sell ​​when the price touches this area by ​​not less than 100 points.

Expectations: after pullback to 1.1488 we will sell to 1.1388

solutions:

1) Sell Limit 1.1488, SL 1.1503, TP 1.1388

Aleksey Panasenko
FreshForex Analyst
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