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Sales are still relevant

12 August 2016, GBP/USD

The situation on the pound/dollar still remains favorable for sales. After completion of the horizontal triangle as the wave [b], the pair did not move down in a rush. In this situation, the pattern lacks acceleration in the form of an aprupt movement towards trend. It is possible that this acceleration will happen in a short time, so you should hurry up with opening of trading positions.

So, in the near future a strong impulse drop is expected within the development of the wave [c].

Nikolay Krishtopov
Analyst of «FreshForex» company
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