farid_ardavani
Short

GBPUSD waiting for sell setup

FX:GBPUSD   British Pound / U.S. Dollar
I'm waiting for break out of the trend line for several sell setups.
Comment: bigger pic:
snapshot
Comment: both directions possible, maybe upside is more likely because of divergence
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Comment: break out below (b) wave can be a trigger for short setup
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Comment: I was expecting a WXY correction, but it continued for WXYXZ correction which is more complex.
Although there was no trade setup to downside, because price didn't make a correction after breaking the trendline and price never breaked below 1.43337 which i mentioned in the above chart as an entry order.
Now this corrective pattern is about to end and I expect a wave to downside will form soon.

snapshot
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