There are chances to sell intraday | 30 October 2015

30 October 2015, GBP/USD

The daily chart: the inside bullish bar has been received, and bears were not able to provide a downward structure with the next intersection of swings down. This poses a threat to the market reversal (blue arrow). But we can not exclude the triangular consolidation that will help sellers again. To do this, they must not allow bulls to break through the last top (1.5509, see. Red arrow)

H1: a very long swing up also shows signs of its weakening (in particular - the inability to break up the inside bar). Therefore, the main expectation is decline.

Expectations: drop from current levels to 1.5270

solutions: sales from current levels to 1.5270

Aleksey Panasenko
FreshForex Analyst
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