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Impulse up is about to occur

22 October 2015, GBP/USD

In this pair nothing interesting is going on as well.

The price is obviously in the flat caused by formation of the assumed wave [ii] of the emerging upward impulse.

In this situation, it is hard to say exactly where formation of the mentioned corrective wave will complete. Idecided to take help of a pending buy stop order set on High to avail from beginning of the impulse of growth within development of wave [iii].

Thus, it is safe to enter on gaining momentum.

The momentum up is about to ripen.

Vasiliy Lukin
Analyst of «FreshForex» company
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