We expect the wave 3 of the ascending impulse | 06 April 2016
06 April 2016, GBP/USD
The pair continued to decline, thus forming a model, which is much similar to a regular zigzag.
So at the moment we continue to consider the specified scenario implying that formation of the wave 2 of the emerging upward impulse is over.
Anticipating the wave 3, I opened a Buy trade with Stop Loss set at the local Low of the price.
Now we have to wait for respond of the price.
Potential of the upward movement is great, so under this scenario, I will open new Buy trades.
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.
