Correction will continue its development | 01 Juli 2016

01 Juli 2016, GBP/USD

It is possible that the price will rebound from the Low again, thus continuing to develop a zigzag correction. So we don't need to hurry up with the opening Sell trades. It is better to wait for the completion of the wave [ii] of the downward momentum, and only then look for opportunities to enter into trades at better prices. A protective stop loss also should not be forgotten


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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