KVE
Short

EUR/GBP: Close to possible resistance, where will wave 5 end?

FX:EURGBP   Euro / British Pound
153 0 9
Possible wave count on chart. We're getting close to a possible resistance zone with some fib confluence there...

Therefor I'm starting to look for shorts again, might be a very nice opportunity...

3 targets on chart!
Trade active: Shorted the top, 0.8702, will add if it goes up, at least until 0.8800...
Comment: Added another short at retest of 0.8700, it's looking good now...
15min. is getting oversold and we're getting close to a minor support area so it might go back up again soon..., if the up move looks corrective I will try to add another short at the end of the correction...
Comment: Very nice, I had a sell limit triggered at 0.8666 which I closed just now...
Retracing now at a major trendline..., if the whole move is a smaller degree correctiion then it might soon be over so I will be looking for an ABC zigzag to complete (if harmonic in nature then it may be an AB=CD which is close to completion...)
All stops should of course be at BE now (or better, like above possible wave B...)
Current situation:
snapshot
Comment: Nice reaction, this week's candle is starting to look like a nice bearish one but still 2 more days to go...
Looking at this now:
snapshot
Comment: First target on the initial idea is coming closer but we will have to break the trendline first...
We need a strong 5th wave... This and other possibilities can be seen here:
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