farid_ardavani
Short

EURGBP is about to end its complex correction

FX:EURGBP   Euro Fx/British Pound
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.
Comment:
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Comment: 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.
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Comment: possible scenarios on daily outlook:
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Comment: 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.

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Comment: looks good for a BE trade
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Comment: waiting for long entry setup
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Comment: 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.
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Comment: 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.
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