Ready to resume an upward impulsive move | 09 December 2015
09 December 2015, GBP/USD
Once again, the Pound has proved that it is a far more volatile currency than the euro is.
Staying within the assumed correction, the price dropped quite well thereby forming correction 61.8% from the previous upward movement.
So, it was supposedly a correctional wave.
In the future we expect resumption of the impulse growth, in which the third wave of momentum will be formed.
Based on these expectations, I opened two Buy trades.
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.
