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The final triangle in the third wave

03 May 2016, GBP/USD

Pound is trying to respond to every attack of bears.

But current picture makes me think that in the near future we can expect a corrective decline, as part of the wave iv. Besides, the pair at least comes to 145.20.

However, there is no drop. It is not necessary to sell, it is better to wait until the price drops down for sure and open new trades on correction following after this decline.

The final triangle in the third wave

Vasiliy Lukin
Analyst of «FreshForex» company
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