19 February 2016, GBP/USD
The considered pair still sticks to our scenario.
We assume that zigzag formed as the wave ii has finished its formation. At present, the price is preparing for a sharp surge within development of the wave iii of the rising impulse.
In this situation, it is worth trying to open a buy position, since the potential profit is by several times higher than the potential loss. You can put a Stop Loss both on the local and at absolute Low.