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Ready to grow!

30 October 2015, GBP/USD

Finally, the market is telling that it is ready to get out of a protracted correction and begin a long directional movement.

As is the case with the euro/dollar, we also expect an impulse growth caused by formation of the [iii] wave of the rising pulse.

The price managed to stay at the level of 61.8% Fibo, where it started a little but promising growth.

In anticipation of development of intensive an impulse growth of the pair, I opened the Buy trade, the stop is set at a local Low of the price.

Ready to grow!

Vasiliy Lukin
FreshForex Analyst
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