A downward momentum is not over yet, but is close to it | 01 مارس 2016
01 مارس 2016, GBP/USD
Bears just stopped to put a the pressure at price.
A timid upward movement can have just a corrective nature and is the beginning of wave iv.
In this situation is better to stay out of the market and watch it from the side.
Based on our frame, formation of the downward momentum is about to be over, it is time to quietly prepare to buy.
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.
