A short-term downrward correction | 16 July 2015
16 July 2015, GBP/USD
A short-term downrward correction
Here the wave 1 of [iii] has completed its formation.
In the nearest time we shall expect decline associated with development of the wave2.
This correctional decline opens fine chances to buy.
I think that point 1.5500 will perform as the reversal level.
Based on this very point, we shall try to enter Long.
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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.
