Mandeep.Singh
Short

EUR/GBP - Short Opportunity

FX:EURGBP   Euro / British Pound
96 0 6
I believe this pair will head lower for a number of reasons:

1) Weekly time frame has shown 3 weeks bearish price action.
2) Price has formed a double top with multiple rejections against key area of resistance around 0.90420 level.
3) EMA/MA crossover.
4) Break through mid range zone which has retested as resistance.
5) Price forming lower highs and lows on daily chart .
6) Break of trend line with retest and rejection forming shooting star candle.
Comment: - Bearish engulfing candles on the 4 hour chart, lower high and lower low formed.

- Daily candle is looking good to close as a bearish engufling - let's wait and see.
Comment: Currently sitting around 100 pips profit.
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