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Beginning of the third wave of decrease impulse

Beginning of the third wave of decrease impulse | 29 August 2016

29 August 2016, GBP/USD

British currency reacted on Yellen’s speech less emotion than EUR and JPY.

But it was enough and bears could pull price down. Our suppose is correct and the 2 wave has formed and has shape of simple zigzag.

We can observe pair decrease which is probably beginning of 3 wave of decrease impulse.

This wave is located first stage of its development. This situation gives possibility of opening short deals with minimum risk and good potential profit.

In this moment sell on this pair is the best choose for trading.

GBP\USD. The beginning of the third wave of decrease impulse has started.

Vasiliy Lukin
FreshForex Analyst
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