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Actively sell

08 August 2016, GBP/USD

Our assumption on development of a horizontal triangle represented by the wave [b] is fully confirmed. Immediately [b] after formation of the final e of the wave the price began to fall. At the moment, we are witnessing birth of downward momentum emerging as the wave [c] of the assumed zigzag. And since we are at the beginning of its formation, we have a good chance to open Sell trades, as potential for the downward movement is very, very good.

Vasiliy Lukin
FreshForex Analyst
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