START OF WAVE CORRECTION IN EURGBP - DAILY CHART

HI GUYS,

ELLIOTT MOTIVE WAVE (12345) IS OVER. NOW WE START TO SEE A CORRECTION FORMING UP. WE NOW HAVE A CONSOLIDATION IN FORM OF A CHANNEL GOING DOWNTREND.

I WOULD BUY THE BREAKOUT OF THIS CHANNEL AND THEN WAIT FOR THE REVERSAL MOVE IN THE DOWN TRENDLINE, AND START LOOKING FOR SELL SETUPS.

HOPE YOU MAKE SOME PIPS THERE.

CARLOS