Ready to sell | 23 May 2016
23 May 2016, GBP/USD
The current drop is likely to be caused by the wave [iii] of the descending impulse. < p> Thus, we can with certainty say that development of the correction in the form of a double zigzag has come to an end and in the future we will have a long impulse drop of the pair within the borders of the considered scenario.
The drop has allowed me to move Stop Loss into a profitable area, so in the future I will make more attempts to open additional trades.
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.
