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Rising momentum continues to be formed

Rising momentum continues to be formed | 29 April 2016

29 April 2016, GBP/USD

The upward momentum.

The price is being traded in the wave 5 of iii. Development of this wave is about to come to an end, but before this another high will be updated. Then we expect formation of the correctional wave iv to start.

In this situation, we consider the possibility of sales. I recommend to open positions on update of the High. Your trade should target bottom of the channel

Rising momentum continues to be formed

Vasiliy Lukin
FreshForex Analyst
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