Goal of correction almost reached; we expect growth | 16 March 2016
16 March 2016, GBP/USD
This currency pair has exceeded all expectations.
Price has decreased and practically achieved the aim as we supposed.
Yesterday we had guess that it is irregular correction as a plane in which it isn’t final wave of ii.
Now this wave has practically formed.
I supposed that price wouldn’t reach 61.8% level. It will reach 50% level and correction.
So I offer to set pending order on buy (buy stop) at price 1.4170 and wait for price moving.
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.
