The third wave is forming elongation | 21 سبتمبر 2015
21 سبتمبر 2015, GBP/USD
The situation with pound/US dollar pair is also favorable.
For some time, the pound has been strengthening until it was challenged by the last move, to which apparently it was not ready.
This led to a sharp decline of the pair, but due to this decline, we have presumably received development of extension in the wave iii.
So, if this assumption is correct, in the future after a small correction we will surely have an upward impulse movement.
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
