Bearish momentum | 24 May 2016
24 May 2016, GBP/USD
We assume that the wave 1 of the downward momentum has been finally shaped.Further correction was likely caused by development of the wave 2.
If this assumption is true, in the future we can expect a continued formation of the correctional wave 2, and then, drop of the pair will resume. We should look for opportunities to open additional Sell positions.
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.
