The third wave is forming elongation

21 September 2015, GBP/USD

The situation with pound/US dollar pair is also favorable.

For some time, the pound has been strengthening until it was challenged by the last move, to which apparently it was not ready.

This led to a sharp decline of the pair, but due to this decline, we have presumably received development of extension in the wave iii.

So, if this assumption is correct, in the future after a small correction we will surely have an upward impulse movement.

The third wave is forming elongation

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call