EURGBP, Ready to sell for retracement

Reasons to SELL

1/ complete 5 wave impulse movw which can be wave 3 or wave c
2/ A bearish divergence
3/ waiting for a breakout of the valid bullish trend
4/ A Shooting star candlestick pattern at a strong resistance

expecting to trade the correction of the whole impulse wave
to minimum of 38,2 or 50% Fibonacci level

Therefore we are trading either wave 4 correction or we are trading anew impulse wave

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Chart PatternselliotwaveanalysiselliotwavecountEURGBPeurgbpanalysiseurgbpforecasteurgbpshortTechnical IndicatorsTechnical AnalysisTrend Analysis

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