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Development of the wave 2 of [iii] is about to complete

Development of the wave 2 of [iii] is about to complete | 21 July 2015

21 July 2015, GBP/USD

As for this pair, everything is relatively calm.

The wave 1 of [iii] has supposedly formed. At present, correction is developing which seems to be represented by the wave 2.

So, in the nearest time we expect that the above-mentioned correctional wave will develop. Though buyers may attempt to switch to an active phase of purchases which will lead to beginning of a strong impulse growth represented by the wave 3 of an ascending impulse. Watch carefully so you cannot miss the chance to enter into a Long position.

For that, you can use a pending Buy order established just above a local High.

Development of the wave 2 of [iii] is about to complete

Vasiliy Lukin
FreshForex Analyst
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