ABC correction (123 Bottom??)

Good evening Dynamic Traders,

I put an order in this morning for the EURGBP as we had a breather at the 50% Ret with a tweaser candle stick reversal. I was entered on a swing high on a smaller time frame. This is one still to keep an eye on for further potential set ups.














EURGBP forex chart from Advanced Get

I've recently done my analysis on the GBPUSD and I've just put in an order to go long on a 1 BH (Very tight stop) as we have what looks like a 123 bottom at an 886 or for those of you who use Elliott waves an ABC correction which has pulled back to the 886. Note the MACD convergence with the other confluence of events.
This potentially could be a very good trade but as always I'm only risking 3% no matter how good the set up looks.














GBPUSD forex chart from Advanced Get

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Good trading.