EURGBP H1 - ABCD, fibo cluster, fibo retr 161.8% - DIARY IDEA Short

Euro Fx/British PoundFXCM

Description

⋅ Jul 26, 2015 9:47 PM

FX:EURGBP short idea:
Confirmations are:

correction move up to 61.% of downtrend wave
fibonacci cluster - 50.% and 61.8% - little exceeded, but should work...
ABCD (not perfect, I like AB=CD)
161.8% retracement of BC - great place for shorts.

I think scenario is that when London starts we should have next top, or even little higher and then move down... Opened to sell limit trades, with two different TP

TP1 - almost the same move as BC
TP2 - just bottom of all ABCD correction

Let us see.
Have a great week of trades!
Leszek