perfecttrader

GBPEUR more trouble to come ?

FX_IDC:GBPEUR   British Pound / Euro
We had a lot of fun riding this explosive short squeeze. But this may be the perfect bull trap. The sentiment among short term traders is very bullish . Also, recognize the perfect shoulder head shoulder formation, this is too good to be true. We may go a litte higher, but according to our wave scenario, there is one more massive downwave missing. This selling wave should lead to the support level of 1, 01 . There, a new wave analysis has to clearify, if we may expect a longterm change in trend.

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