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Trying to buy with a pending order

Trying to buy with a pending order | 05 April 2016

05 April 2016, GBP/USD

As we noted in the previous review, there are several equally probable options, so we should stop active actions until it gets clear.

Here we would like to consider a bullish plan, which is prompted by formation of the wave 3.

For this reason, I have put a Buy pending order on a local High.

It will be activated by an abrupt movement. If the price goes down is nothing to lose, which makes this approach safe.

We just have wait whether these assumptions will be confirmed or rejected by market.

Vasiliy Lukin
FreshForex Analyst
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