Determined to start a drop | 26 Juli 2016
26 Juli 2016, GBP/USD
There is a high probability that the pair will resume impulse decline in the near future. Not to miss this movement, I recommended setting a pending Sell order on the local Low. This approach will protect you against upward rebounds. I am holding a Buy trade a small correction with a low Stop Loss, and if the price suddenly starts to bounce, my profit on this transaction will much exceed the potential loss, so I've no worries about it.
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.
