Log in

Situation remains bearish

25 August 2016, GBP/USD

If the price starts growing and renews the highest point (high) of the assumed wave e of [b], our wave frame will be incorrect and I will get the whole thing revised. But if the price confidently moves down, the considered scenario will be confirmed, and the price will "draw" the wave 3.

In this situation, you can try cautious sales with stop loss at a local High, as shown, or wait for an update or a local High or Low to act based on the situation.

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.