manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The wave frame remains bearish

16 August 2016, GBP/USD

The price has approached the Low, we can expect a rebound from these levels. But meanwhile the wave picture is bearish and it is clearly not finished, so in the near future we still expect a drop within the wave [c] of an assumed zigzag. However, opening positions at the moment is not necessary, it is better to see how the price reacts to level.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .