Favoring short even though Pair in an uptrend

FX:EURGBP   Euro / British Pound
The pair formed an engulfing bearish candlestick near 0.8095 resistance level . With price and stochastic failing to make new high this short term uptrend is in play and expect to resume the longer term downtrend. I want to see a break of that red line which almost coincide with the psychological level of 0.8000.

Follow me on twitter @forexcanada


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.