Development of the wave 2 of [iii] is about to complete | 21 Juli 2015
21 Juli 2015, GBP/USD
As for this pair, everything is relatively calm.
The wave 1 of [iii] has supposedly formed. At present, correction is developing which seems to be represented by the wave 2.
So, in the nearest time we expect that the above-mentioned correctional wave will develop. Though buyers may attempt to switch to an active phase of purchases which will lead to beginning of a strong impulse growth represented by the wave 3 of an ascending impulse. Watch carefully so you cannot miss the chance to enter into a Long position.
For that, you can use a pending Buy order established just above a local High.
![Development of the wave 2 of [iii] is about to complete](/netcat_files/Image/gbpusdh4(698).png "Development of the wave 2 of [iii] is about to complete")
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.
