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oyekhattak

EURGBP - Sell

Short
Euro / British Pound (OANDA:EURGBP)  
oyekhattak  
OANDA:EURGBP   Euro / British Pound
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
EURGBP is in a downtrend after a big bullish move. The previous trend has been broken and the next support level is down at around 0.8571 so we can see a downward move towrd the TP1 if price breaksdown the previous LL. There is no Divergance on RSI to indicate a change in trend.

The trade plan is based on simple DOW Theory and RR for TP1 is 1:1 and 1:2 for TP2.
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