We are expecting extension of the third impulse wave | 09 February 2016
09 February 2016, GBP/USD
Pound starts rapidly changing direction from bull to bear and inversely again.
This time we expected small correction decrease but in fact price practically reaches wave spike i and all wave constriction looks like zigzag.
Perhaps we observe extension of the iii wave and this is the first wave in this limits.
In this case it is possible to buy with stop loss on local minimum and change stop level to breakeven if the situation turn to positive way.
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.
