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Determined to start a drop

Determined to start a drop | 26 July 2016

26 July 2016, GBP/USD

There is a high probability that the pair will resume impulse decline in the near future. Not to miss this movement, I recommended setting a pending Sell order on the local Low. This approach will protect you against upward rebounds. I am holding a Buy trade a small correction with a low Stop Loss, and if the price suddenly starts to bounce, my profit on this transaction will much exceed the potential loss, so I've no worries about it.

Determined to start a drop

Vasiliy Lukin
FreshForex Analyst
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