GBPUSD EW

20 בינו׳ 2015

Sterling is in a horizontal channel where the price action looks corrective. It's possible that the ABC of [A] was really the end of this correction, but the higher low at [B] suggests an upwards continuation. I've drawn a potential Butterfly. The entry is speculative at this point, it may or may not happen, and given how bearish things have been it could easily get stopped out.