drin
Short

GBPUSD SHORT OPPORTUNITY

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD             it's on the B corrective wave, I m looking to go short for the C wave after a sell setup appears on lower timeframes , which will complete the ABC corrective structure before heading for the next impulse up. Trade your plan
Trade active: Shorted the fib level :

I'll look to add more positions on the breakout
Trade closed manually: Took a loss here, trade didnt go as I planned it would, will wait for a more clear setup now
Comment: After GBPUSD broke out, now it's consolidating and it would be good to buy the breakout of the corrective structure
Comment: This thing has been a pain. I think its now the time this thing goes for more upside after this structure:

It will either go now or it wont go and will go for a deeper ABC correction in the bigger structure
Comment: The C wave on ABC correction it's about to finish, I think there is one more last down move before going up, anyway I'll wait for an impulse up , a correction and take the next impulse after that.Without confirmation I wont enter because we dont know if the C wave is completed yet. Trade your plan

Related Ideas


GBPUSD is making an ABC correction from the last impulse and I'll be looking to sell in the breakout
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