The pair is ready to decline | 13 May 2016

13 May 2016, GBP/USD

Once again bulls attacked the level, which they had failed to take for three times before that.

The fourth attempt was an absolute failure, but it hurt my stop loss. The price is looking down again, and this time it is expected to take specific steps in this direction, because the decline is an overdue agenda.

The wave 3 of iii of the downward momentum has brewed. I have already opened a Sell position, it's time to go down!

Thus, in this situation, short positions are the best solution at the moment.

The pair is ready to decline

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus