Correction continues | 09 Maret 2016

09 Maret 2016, GBP/USD

As we expected the price began to decline, thus, obviously, forming of the correctional wave ii.

Currently, the correctional decline is at an early stage of its development, so in the future we obviously expect continuation of the flat movement.

Trading in this case is not recommended, it is better to wait for the opportunity to open a Buy trade and ride the wave iii of the rising impulse of movement


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.
Vasiliy Lukin
Analis perusahaan "FreshForex"
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