The pair looks like it's going to break out of the corrective structure after the recent impulse down, a clear break would give a good trade to the upside in the short term.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
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another possible entry coming up
Comments
marcus123
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nice work - see how it goes...
piphunters
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thanks
Wave-Trader
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almost all GBP pairs are on breakout a clear impulse may given sign for big move to the up side thanks for sharing mate
piphunters
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you are welcome.
IvanLabrie
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I'm already in the long, might have some nice upside.
piphunters
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same here, good luck
Nshan
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i am new in this , can you give me some small details ? do i enter now or wait ? and where can the wave possibly end ? thanks in advance
piphunters
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if you are new I would suggest you take sometime and learn before trading live and it's not possible to explain in a post like this.