Beginning of the third impulse wave | 19 فبراير 2016
19 فبراير 2016, GBP/USD
The considered pair still sticks to our scenario.
We assume that zigzag formed as the wave ii has finished its formation. At present, the price is preparing for a sharp surge within development of the wave iii of the rising impulse.
In this situation, it is worth trying to open a buy position, since the potential profit is by several times higher than the potential loss. You can put a Stop Loss both on the local and at absolute Low.
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.
