regkumar85
Short

EURGBP short to 0.84500

FX_IDC:EURGBP   EURO / POUND STERLING
32 1 3
FX:EURGBP            

there has been stagnation at the resistance area starting at around 0.86800. The market has tried to push through with no luck. A short looks like a very favourable option for a quick win.

Need to be wary as it is a uptrend, however, short looks likely due to:
- Hanging man candle stick pattern formed
- Looks to be completing a 1,2,3,4,5 Elliot wave pattern.

I'm currently in at 0.86403
Yes, the reversal is very possible here, and this how i see it.
For me a double top on would be much better R:R rtio.

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