15 March 2016, GBP/USD
Pound decided to have fun.
Opened deal on buy was closed by stop-loss.
Bulls couldn’t develop success and price starts decreasing.
The reason of this odd behavior we can see in this.
Possibility correction in iiwave is formed irregular and wave b of ii, renew price maximum in this time in normal impulse five waves are responsible for renovation.
So probably the wave b was formed, and for zigzag need to decrease in the conclusion.
Aim of this decrease is level 61.8% fibo, in this level we can expect conclusion of forming zigzag and wave ii. So we can try carefully sells.