EURGBP - Correction correction

6 May 2016

Pretty straight foward setup i guess. keep in mind tho. that the green dashed channel might just be the A of an bigger ABC correction, so be carefull with trendcontinuation targets below last moths lows. i personally only look for a 1:1 here.

i guess you can also wait for a pattern here to compliment the entry. there are a couple of possibilities.

6 May 2016

Not

here are 2 possible patterns that compliment the trade. first the small blue bat (nearly in the PRZ) and then the bigger cypher for a deeper move.

9 May 2016

Not

time to pull stops closer, halfing my risk in this trade. lets see if the recent momentum can trade the market lower