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3 wave of drop

3 wave of drop | 31 August 2016

31 August 2016, GBP/USD

Pair GBP\USD is traded without important changes of lead force.

Expecting down breakthrough hasn’t happened but we can observe on the chart how price is accumulating near the 1.3050 level.

It is possible that correction is forming inside of incipient wave 3 of decrease impulse and breakthrough of this level gives signal for sell.

So we have set pending order on sell stop loss would be set after activation order.

So it is very good situation for set deal on sell. We are expacting further impulse pair decreasing in the limits of wave 3 of [c].

Deal which was opened early is switched to the break-even.

3 wave of drop

Vasiliy Lukin
FreshForex Analyst
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