FX:EURGBP   Euro / Livre Sterling
4
EURGBP is looking good to sell. It has made a double top at the 618 retracement of the previous impulse which is also the same level as the 1.27 extension of wave 3 in this corrective wave up. I will look for break of the trend line within the channel I am looking for price to break the lows and go to around 0.8150 from a daily time frame. So I'm thinking the bat pattern is not in play but is an option if price continues to rally, and only time will tell us if the Gartly pattern is in play but it needs a wave lower for the Gartly to make an "BC" wave. So sell to break the low and if it doesn't go that low we can still make nice profit.

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