05 July 2016, GBP/USD
The pair started to slide down and has closely approached low going to update it. Correction under the wave [ii] has been completed and the price is ready to go down to the borders of the wave [ iii] of the downward momentum.
Anticipating this impulse wave, I'be opened a Sell transaction with the Stop Loss set to the local High. Now I'm patiently waiting for further developments.