Another attempt to tame the British currency | 27 مايو 2016
27 مايو 2016, GBP/USD
Buyers have failed to update High, which led to an abrupt downward price movement.
Perhaps, therefore, it was beginning of the wave [iii] of a descending impulse. Correctional wave [ii] is shaped as the plane. The wave [i] is a wedge that indicates a good downward movement in the near future.
Anticipating development of the wave [iii] of downward momentum, I've opened deal a Sell trade with a good target, so in the future I will probably open an additional transaction.
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.
