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Ready to sell

23 May 2016, GBP/USD

The current drop is likely to be caused by the wave [iii] of the descending impulse. < p> Thus, we can with certainty say that development of the correction in the form of a double zigzag has come to an end and in the future we will have a long impulse drop of the pair within the borders of the considered scenario.

The drop has allowed me to move Stop Loss into a profitable area, so in the future I will make more attempts to open additional trades.

Ready to sell

Vasiliy Lukin
FreshForex Analyst
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