Analysis method - “Gann Swings + Price Action”
August 16, 2018
Daily chart: Previous day was closed by strong signal for the start of new upswing - bullish pinbar at the edge of downswing. There is enough space for correction - up to the 1.1530 handle.
H1: Local upward structure id in the stage of corrective downswing completion, therefore, bulls can attack from current levels.
Conclusions: So, we expect growth from current levels in direction 1.1530 (extraday).
Trading recommendations: Longs towards 1.1530.