19 August 2016, GBP/USD
The price has been frowing for 4 days, met its goals in a zigzag pattern in the wave 2. Thus, in the near future, we expect resumption of the downward movement of the pair in the impulse form, during which the wave 3 will be formed. In this case we may try to open a sell trade with stop loss set just above the local price peak.
In the future, if the price goes down, on breakdown of Low you can add one more trade.