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Reversal

25 January 2016, GBP/USD

We asume that the considered pair did something that we have been waiting for - the Pound has moved to action that may have led to a reversal.

As we had already noted, decline had formed a double zigzag with the ligament (x) on the horizontal triangle.

Now, there are chances that the rising impulse of the pair will begin, and as long as we're at the very beginning of this impulse, there is a great opportunity to open long positions with a low risk.

Reversal

Vasiliy Lukin
FreshForex Analyst
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