Development of the wave [c] is over | 21 January 2016
21 January 2016, GBP/USD
British currency has finally managed to halt its decline.
The wave structure also implies a bull-case scenario. The wave [c] took the form of downward momentum.
In this situation, we should wait when the price will make a clear upward movement having formed a lead-in wave of upward impulse and after that on a pullback we should open a buy position.
![Development of the wave [c] is over](/netcat_files/Image/80f46bfc56853aecf97f5c62e8734382.png "Development of the wave [c] is over")
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.
