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Drop under the wave e of a horizontal triangle

Drop under the wave e of a horizontal triangle | 18 April 2016

18 April 2016, GBP/USD

At the moment we can see that the price has completed formation of correction within the framework of a final wave e of [x] of the horizontal triangle.

Thus, in the near future, we obviously expect resumption of drop.

The goal of this movement, as we previously mentioned, is the bottom of horizontal triangle.

In anticipation of drop, I opened a Sell trade, which is already in the breakeven zone.

Thus, in the near future we expect a continued drop of the pair within the borders of the considered scenario.

Vasiliy Lukin
FreshForex Analyst
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