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Decline under the wave iv

27 April 2016, GBP/USD

This pair, as we expected, continued the upward movement, which is assoiated with the wave 5 of iii.

At this point, formation of this wave is more than complete, and it says that in the near future a corrective decline within iv wave will begin.

Therefore, on the basis of the above considerations, Sell trades became more relevant, which can be opened right now.

At the same time, Stop Loss can be set at the High.

Thus, in the future we expected the wave iv of the rising impulse to form.

Decline under the wave iv

Vasiliy Lukin
FreshForex Analyst
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