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
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.
