Another attempt of sales

19 August 2016, EUR/USD

At the moment, the corrective model looks completely finished. Besides, the price began to look down, so it may be the first sign of the emerging wave 3. For this reason, I closed the Buy trade opened before and at the moment I am trying to enter into sales, especially because there is a good point to set a protective stop loss order on the local High. Thus, if the above assumption on finished zig-zag correction is veracious, in the future we will face a rapid impulse drop boosted by formation of the descending impulse wave 3.

Vasiliy Lukin
FreshForex Analyst
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