Short positions again | 20 May 2016
20 May 2016, GBP/USD
Yesterday the price updated local Low, but then it had returned to the starting point, where it remains now. The wave frame is still bearish and I assume that the wave [ii] took the form of a double zigzag.
So , in the near future I expect another rapid decline caused by beginning formation of the wave [iii] of the downward impulse
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.
