Log in

Perhaps beginning of the wave [iii]

28 October 2015, GBP/USD

This pair could finish an assumed corrective decline within the frames of development of the wave [ii].

Price was dropping by 61.8% Fibo, and from this level an aburpt impulse rise of the pair could start which can be caused by development of the wave [iii] of the rising impulse.

So, if this assumption is correct, in the near future we expect an impulse growth.

To open long positions, we should use pending orders.

Perhaps the beginning of wave [iii].

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.