One_Trade_A_Day_777

EURGBP Short idea / almost $6000 target amount on full size lot.

Short
FX_IDC:EURGBP   Euro / British Pound
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3
EURGBP will fall fast and badly. Currently trading in some kind of side way range, but it will drop soon hard and bad. We can expect some congestion in the area of 0.8610, but once it breaks 0.8600 it will enter into free fall zone at least up to 0.8250. Three arcs at the top areas are big and heavy signs for short move. With reasonable risk it's good to enter this trade now as the earning potential is very good depending on your trade size and size of your account.Time frame is few weeks.
This idea is just an idea, it is not a call for trade, everybody makes his/her own decisions. I am personally short.
Happy trading.
Thanks.
Comment: This is clean/naked chart analysis based on chart/price patterns only. I am not using any "indicators' or "signals" as they are all lagging and useless personally for me. Indicators bring mess to chats. This is my very personal opinion.
Thanks for understanding.
Comment: EURGBP prices are headed considerably lower and very soon. !!!!
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Comments

Thanks for the update. Pretty obvious double top there. Will be interesting to watch this unfold.
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@Dan2v, almost same thing here:
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