I expect a drop within the frames of the wave 3 of [iii] | 31 May 2016
31 May 2016, GBP/USD
Yesterday the price failed to update High, a little space remained to reach this level, but the pair bounced off it. It is possible that this growth was only a corrective wave 2 and now the pair will decline at a more active pace.
If this assumption is correct, in the near future an impulse drop is expected within the frames of the wave 3 of [iii]. For this reason, I've opened a new Sell trade, my previous trade was closed by a break-even Stop Loss order.
![I expect a drop within the frames of the wave 3 of [iii]](/netcat_files/Image/38cf95bf65458c5e01904a17c542ad1c.png "I expect a drop within the frames of the wave 3 of [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.
