EURGBP is about to end its complex correction

2016年4月10日

I anticipate a down move is coming soon.
The corrective pattern is about to end which is a combination correction.
Sell setups are break even trade and i rather to move my stop loss as soon as possible.
price bounced at daily (up) trend line, its near to weekly (down) trend line and weekly view of this pair has one more possible wave to go downside.
lets see how is it going.

2016年4月18日

註釋

2016年4月20日

註釋

another sell opportunity; after entering this trade and price movement to my direction I will move my stop to break even as soon as possible.

2016年4月22日

註釋

possible scenarios on daily outlook:

2016年4月30日

註釋

below is 2 different movements price can develops. for the green one I use an entry order and for blue one I will wait for the price to break above trendline and consolidate or some kind of correction, and i'll be a buyer at break of that correction; green is preferable.

2016年5月11日

註釋

looks good for a BE trade

2016年5月18日

註釋

waiting for long entry setup

2016年5月19日

註釋

So the long trade i was waiting for had never triggered and price reversed to downside and break below the previous low. Now I'm looking for corrections to enter short.

2016年5月25日

註釋

price is at lower channel and there is divergence, if it reverses to upside, I will wait to see which one is going to form.