Trader, analyst and instructor with a 6-year experience

GBP/USD: weekly wave analysis

By Roman Petuchov

Weekly. The market continues building a global descending zigzag A-B-C. Let's see the markup of the global bearish trend C in the details. 


Daily. Wave (2) will soon be finished, so there is a high chance that the price will decline in the nearest future.


H4. On the chart you may see the last part in the details. Wave (2) took a form of a double flat in a wave C of (2). Choose a better point to sell the pair. 

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