07 April 2016, GBP/USD
Our wave model on this pair has slightly changed.
We assume that yesterday's trading had completely formed zigzag was in the form of the linking wave [x].
Immediately after an abrupt decline, the pair started to skyrocket and played this movement back by dropping.
We assume that the ascending impulse was formed within development of the wave [y] of the supposed double zigzag.
The upward potential looks very good. So I have reopened a Buy trade. The previous Buy trade of minde was closed by protective stop under a sharp decline of the price.