Another attempt of sales

18 May 2016, GBP/USD

Growth noted the day before yesterday trading had a purely corrective nature and was caused by the wave [ii] of the emerging downward momentum. This is indicated by an almost immediate drop. Moreover, growth ended at the level, which bulls failed to break the many times!

This is the reason why I opened a Sell trade with stop loss at a local High. I expected drop within the framework of development of the wave [iii] of the downward momentum, then this decrease can bring good money

Vasiliy Lukin
FreshForex Analyst
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