Impulse decline of the pair | 05 Agustus 2016
05 Agustus 2016, GBP/USD
The option with horizontal triangle as wave [b] is fully justified. Although the wave e of [b] is cut, this model can be identified with certainty, especially as the price rushed down after its development. Probably, at this moment an impulse is being shaped as the wave [c], so it is possible to count on extended decline pf the pair. My earlier opened sell trades are in the black.
In the future, impulse drop of the pair is expected to continue.
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.
