Which Correction Is Correct ???

FX:EURGBP   Euro / British Pound
255 6 3
It's a messy 3rd wave up -- the kind
you're more likely to see in an A wave,
I think, but, it offers a chance to go long
on the corrective retrace:
assuming it is in 3 basic waves.
Probably a 3-3-3- flat or maybe
a 5-3-5 zig zag .
OR the whole thing might just fall apart.
As always the candlesticks may yield
more light on the trigger to enter or not.
Pretty good R and R a plus.
Out on stops on the retest of support
for only a few pips loss and glad to be so
with this schizophrenic price action.
Certainly not the impulsive upside I was looking to find.
Indicative of the possibility that traderWgun suggests for
more downside.
Looks like the price action is providing another point of rejection
and is testing it again, now. If it breaks - I'm baffled !
So, moving stops to .8219 for a couple of pips loss
if this breaks down again.
While this trade has moved back into positive territory it is the weirdest a-b-c flat
I could imagine, so, I'm moving stops 1 pip below recent lows @ .8213
if it takes that out the pattern will become unrecognizable to me ---
and taking half position off @ .8256 should that hit.
(and I see that I must have still been asleep when I posted last -
the entry should have been .8222 and NOT .8822)
Just woke up to see the trade is active @ .8822
Now we wait. Maybe I should go back to bed . . .
Keep in mind that the marke declined was in 5 waves so the odds is that the market is pull backing before more downside, I'm short and have added on this rally.

Good luck ;)
dojitrader traderWgun
Yes, I would be surprised if this is a trend change
that is why I hedged with the labeling
of 1 or A etc thinking there would be = or hoping,
depending on how the proposed b wave would develop,
a decent C wave to grab some pips.
Thanks, as always for your thoughts !
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