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OrganicFX

EURGBP Correction still in progress?

Short
Euro / British Pound (FX:EURGBP)  
OrganicFX Updated   
FX:EURGBP   Euro / British Pound
Chart Patterns Technical Indicators
10
8
chartpattern indicator
Correction could be turning into an ABCDE pattern with another leg down to come as per the chart

News coming out right now...

A breakout above the channel and 91.7 level could mean the correction is complete and the 4hr uptrend is back in progress

Disclaimer: just ideas, no crystal ball, no financial advice, do you own research
Comment:
Move down looking good. Looks like another low-risk short entry here.
snapshot
Comment:
The second entry has now been invalidated for a 16 pip loss
Comment:
This is why we must always have strict Risk Management in place, the goalposts often move, and "the market can remain irrational longer then you can remain solvent"...
snapshot
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