Rhe rising pulse of the fourth wave is being formed

05 May 2016, GBP/USD

The signal obtained from the final diagonal triangle has fully exhausted.The pair fell strongly, thereby initiating development of the correctional wave iv of the rising momentum.

At the same time, buyers are making an attempt to the answer that in any way, but so far they do not suceed.

Probably, soon the pair will grow slightly within the emerging wave iv. But we should not buy in anticipation of this movement, because growth may be negligible or the price can just leave the flat.

Vasiliy Lukin
FreshForex Analyst
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