docholliday
Short

EURGBP 3 wave correction in the making

FX:EURGBP   Euro Fx/British Pound
35 1 3
on the 240 this looks like a 3 wave correction and a sell on the break to the 50 fib level looks attractive.
Happy trading.
trade never broke made new high.. will relook at this pair next week. This is a good example of why not to try to pick tops and be patient for a break out and flag.. I know of 2 in chat room that sold and asked me about getting in the sell .. i said yes.. i will be with you when it breaks.. they laughed at me for waiting and giving up all the pips from the 'top'.. well I will miss some of those pips some times .. but in this case.. happy I wait for break..
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