GBPUSD waiting for sell setup

٣ مايو ٢٠١٦

I'm waiting for break out of the trend line for several sell setups.

٣ مايو ٢٠١٦

ملاحظة

bigger pic:

١١ مايو ٢٠١٦

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both directions possible, maybe upside is more likely because of divergence

١٧ مايو ٢٠١٦

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break out below (b) wave can be a trigger for short setup

٢٦ مايو ٢٠١٦

ملاحظة

I was expecting a WXY correction, but it continued for WXYXZ correction which is more complex.
Although there was no trade setup to downside, because price didn't make a correction after breaking the trendline and price never breaked below 1.43337 which i mentioned in the above chart as an entry order.
Now this corrective pattern is about to end and I expect a wave to downside will form soon.