EURGBP Short?

I entered short aggressively yesterday and got stopped out - in my defense I did suggest that traders wait for the break down before going short. Perhaps I need to take my own advice lol

Price has now reached a decision point which could see it break out north or come back down for another corrective wave.

Do nothing until the markets lets us know what it intends.

I am more inclined toward short but I'll need to see the correct structure before committing
Look for a pull back and flag

Hope this helps
Steve

Kommentera:

Could be coming back into the channel
Wait for a corrective flag before selling

Kommentera:

This look like it's going down for one more corrective wave. Look for a good risk to reward before entering short