In anticipation of drop | 19 April 2016
19 April 2016, GBP/USD
A great start of decline was immediately stopped by buyers, who did not stop and continued to actively drive the price upward.
As a result, my trade could not be transferred into the black, the price reached the top of the assumed horizontal triangle, from which at the moment it is probably going to bounce.
We still expect resumption of drop targetting the bottom of a horizontal triangle.
Anticipating a rebound from the top of the triangle, I have open another Sell trade with quite big Stop Loss. 
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.
