manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Development of the wave [c] is over

21 January 2016, GBP/USD

British currency has finally managed to halt its decline.

The wave structure also implies a bull-case scenario. The wave [c] took the form of downward momentum.

In this situation, we should wait when the price will make a clear upward movement having formed a lead-in wave of upward impulse and after that on a pullback we should open a buy position.

Development of the wave [c] is over

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .