GBPUSD – Flat
According to the considered pair, I did not manage to avoid opening new order as well as the formation of ii correction wave looks completely finished now. In addition, the pair started to decline, it is quite possible that in the framework of the emerging downward momentum. The deal was opened with little risk, so it won’t cause special experiences. Expectations are the most optimistic, not for the British currency of course, since it is assumed development of the downward momentum iii wave. In this case, if the assumption about the formation of the descending impulse is true, the case is clearly not limited to the minimum update, so that the position for sale is justified by the relation of risk to potential profit.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
The post Wave analysis – Another short deal appeared first on forex-analytics.press.
