GBPUSD in an upwards corrective trend.

FX:GBPUSD   British Pound / U.S. Dollar
7417 32 164
The GBPUSD             is making an upwards correction in a daily downtrend, trading these moves can be very difficult for traders who does not under stand structure and the possible ways it could develop. Corrective structures can be very complex and not that easy to identify, as seen in the first correction 'expanding flat'.
Yes it is not as easy as shown in text books or by drawing a couple arrows :)

Trade with care, follow your strategy (one you have tested) and use good MM.

Thanks for your support.
Training : add to skype mangal457
Why is this trade is still open?
Hi Anil

Thank you for your accurate analysis, just as you predicted, now waiting for the up move.
Hi, Anil. Do you have an update on this one, please?
Anil, is this something you are looking to happen?

NidalDarawsheh NidalDarawsheh
I think it still a good buy
I think its near 1.43 now, are we expecting a turn around soon?

U give me very happy Monday thank you.. here is why: We have a same view of this pair and its really make me happy because its mean im on the right path :) Thanks. 
I agree with you bigger picture view in terms of this consolidation. Thanks for sharing.

very nice setup anil and i am agree with your nice setup and here is my look quite similar with your one thanks for sharing
+2 Reply
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