Log in

Buy, buy, buy ...

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.

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.