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Bears’ chances are going down

Bears’ chances are going down | 02 September 2016

02 September 2016, GBP/USD

Pair has brought surprises, but this growth could be correctional in wave 2 of decreasing impulse.

But it isn’t simple zigzag it looks like plane in which developing of final inside waves is ended.

So bearish possibility have chance for realization but for opening position it is better to wait for renew local minimum.

On this levels I have set pending order on sell. The deal was closed by stop - loss.

GBP\USD. Bears’ chances are decreasing.

Vasiliy Lukin
FreshForex Analyst
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