A correctional growth | 17 August 2016

17 August 2016, GBP/USD

The pair had been slowly crawling to the Low and showed that it was about to collapse. But nothing of the sort, the price has decided to start growing. It is likely that this growth has a corrective nature and is the wave 2 of the downward momentum.

So, if this assumption is true, in the near future we expect a slight surge, whereupon the pair will draft missing waves of the impulse pattern.

A correctional growth

Vasiliy Lukin
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 .