We are waiting for decrease | 26 August 2016

26 August 2016, GBP/USD

This pair didn’t moved yesterday.

So the wave situation and expectations remain.

Pair can start 3 impulse wave moment after forming zigzag would be finessed.

According to the expectation of prompt impulse decrease the deal on sell was opened with stop-loss which was set a bit higher than local maximum.

Now we should patiently wait for further price moving.

Potential of moving is very good so it is possible to try careful sells with stop-loss on the local maximum.

$GBP\USD. We are waiting for decrease.$

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.

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Vasiliy Lukin

FreshForex Analyst

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