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Beginning of the third impulse wave

Beginning of the third impulse wave | 19 February 2016

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.

Beginning of the third impulse wave

Vasiliy Lukin
FreshForex Analyst
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