manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Impulse decline is expected

04 August 2016, GBP/USD

The British currency is bending every effort to stay at these levels, but has not enough potential to combat bears. Therefore, we expect start of the wave [c], which is taking the form of downward momentum. For this reason, I've opened a Sell trade with a stop loss set just above the High.

So in the near future I expect impulse decline of the pair boosted by formation of the wave [c].

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.