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].
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.
