Zigzag in the wave 2 continues its development | 18 August 2016
18 August 2016, GBP/USD
Сorrection in the form of zigzag in the wave 2 is still developing. Later we expect another upward wave, inside which the above-mentioned corrective model will get its final shape, whereupon decline is likely will be reopened. We should open a trade only on breakdown of Low, you can set a Sell pending order.
Prior to this, it is better to watch market fluctuations from outside.
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.
