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Third wave of decreasing impulse

Third wave of decreasing impulse | 01 September 2016

01 September 2016, GBP/USD

This pair continues its flat movement.

The price couldn’t chose the direction and goes into very narrow corridor.

The wave situation hasn’t important changes so expectations are remain.

Remind of probably it is incipient impulse in which after forming zigzag as wave 2 should start wave 3.

We are expecting decreasing in the range of third wave in the nearest future.

In order to catch this wave we have set pending order on sell on local price minimum.

Now we are waiting for activation of this order or price rising with different possibility of further development.

GBP\USD. We continue waiting for third wave of decreasing impulse.

Vasiliy Lukin
FreshForex Analyst
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