Decline under the wave iv | 27 أبريل 2016
27 أبريل 2016, GBP/USD
This pair, as we expected, continued the upward movement, which is assoiated with the wave 5 of iii.
At this point, formation of this wave is more than complete, and it says that in the near future a corrective decline within iv wave will begin.
Therefore, on the basis of the above considerations, Sell trades became more relevant, which can be opened right now.
At the same time, Stop Loss can be set at the High.
Thus, in the future we expected the wave iv of the rising impulse to form.
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.
