GBPUSD in an upwards corrective trend.

8. Feb. 2016

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.