Still believe in the downward momentum | 19 May 2016

19 May 2016, GBP/USD

Though pound is growing, overcoming all obstacles, I still stick to my wave frame. It suggests the bearish scenario.

Probably this abrupt movement took place in the framework of development of the wave [ii] of the emerging downward momentum. I assume that correction took the form of a Double Zigzag .

If this assumption is true, in the future we will have the pair is expected to drop within development of the wave [iii].

Still believe in the downward momentum

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