Swing scenarios on Monday | 09 November 2015

09 November 2015, EUR/USD

Daily chart: good downward trend. A current swing won’t finish. We have to look for entrance on H1 chart.

Swing scenarios on Monday

H1: as we can see, there is no olled back upward swing here. We would enter at its end. Friday gave us a bearish ‘flag’, according to it euro can start decrease after Monday opening. It’s a good set up.

Swing scenarios on Monday

Scenarios: so, wait for decline to 6th figure, then a correction back to 7th figure, where you had better look for short signals towards 1.0750-1.0780 area. Trading solutions: 1) Wait for a roll back to 1.0750-1.0780 area and follow a trend with targets not less than 100 points.

Aleksey Panasenko
FreshForex Analyst
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