Sales are still relevant | 12 August 2016

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
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .