Zigzag in the wave 2 continues its development | 18 August 2016

18 August 2016, GBP/USD

Сorrection in the form of zigzag in the wave 2 is still developing. Later we expect another upward wave, inside which the above-mentioned corrective model will get its final shape, whereupon decline is likely will be reopened. We should open a trade only on breakdown of Low, you can set a Sell pending order.

Prior to this, it is better to watch market fluctuations from outside.

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus