Fxprotrader
Short

EURGBP: Watch For A Sell After Correction

FX:EURGBP   Euro Fx/British Pound
783 9 32
Price has broken below the uptrend it was moving and we should now wait for a correction and watch for a sell setup to complete at the restest of the broken level.

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Toma PRO
3 months ago
Thanks FXProtrader.

I was hoping for something like this:
snapshot
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Fxprotrader PRO Toma
3 months ago
You are welcome mate, good luck :)
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TraderChris01
3 months ago
Hi FXprotrader, thank you for the chart! Looks good and makes sense! Could you suggest to me what would be a good sell set up to look out for if the price does PB to around the trendline? IE would you look for a pattern on a lower time frame or Pin bar on the same time frame etc. Thank you for any advice you can give. Kind regards Chris.
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Fxprotrader PRO TraderChris01
3 months ago
Hello Chris.. I personally wait for wave pattern to complete. If you are familiar with candlestick formations (pinabars, engulfings, inside bars etc) you may trade them as well. If you have tested a setup and has worked for you, stick with it and make money with it..! I hope that i helped!
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TraderChris01 Fxprotrader
3 months ago
Great thanks a lot. Very helpful!
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TraderChris01 Fxprotrader
3 months ago
Sorry, just one more thing if thats ok. When you say wave pattern do you mean elliott wave or a technical pattern like double top etc. Many thanks!
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Fxprotrader PRO TraderChris01
3 months ago
Flags, pennants, wedges, triangles etc. Just make sure you follow it's pattern rules on how to trade it...
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TraderChris01 Fxprotrader
3 months ago
Great! Many thanks!!
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Fxprotrader PRO TraderChris01
3 months ago
You are welcome, Chris..! Have a nice day..!
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