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Anticipating the third impulse wave

Anticipating the third impulse wave | 28 March 2016

28 March 2016, GBP/USD

This pair has probably finished correction boosted by the wave 2.Now the pair is in correction, which began after a small growth.

We assume that this correction was formed as the second wave of the emerging ascending impulse. Thus, in the future we expect a sharp impulse rise assocoated with the third wave.

In anticipation of this movement, I opened two Buy trades with a stop loss placed at Low. We expect a long movement and it is likely that High will be updated

Vasiliy Lukin
FreshForex Analyst
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