manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Third wave of the descending impulse is being extended

12 May 2016, GBP/USD

Decline appears to be inevitable in the near future.This drop is obviously caused by the extension in the wave 3 of a downward momentum.

In this case, drop may be abrupt and extended. For this reason, I opened a Sell trade with Stop Loss based at the local price level. For three times, buyers failed to cross this level.

Decline appears to be inevitable in the near future.

This drop is obviously caused by the extension in the wave 3 of a downward momentum.

In this case, drop may be abrupt and extended.

For this reason, I opened a Sell trade with Stop Loss based at the local price level.

For three times, buyers failed to cross this level.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .