Growth as a part of correction | 25 Juli 2016
25 Juli 2016, GBP/USD
At the moment the price is based at the bottom of the corrective model, so in the near future a rebound and a slight surge are likely, whereupon the wave e of [b] will be formed. Based on expectations of growth as a part of correction, I've made an attempt to buy with stop loss and take profit orders being put very closely to the top of the triangle. Thus, we have to wait if the considered scenario is proved or rejected by market.
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.
