thillygoosth

EG sell, but wait...read comments

OANDA:EURGBP   Euro / Livre Sterling
The EG sell will be a nice one. Possible it comes down from here, but the pattern it is in concerns me. I would need more data, for example, it breaking out to the downside, then I may consider sells on small flags. However, it can go up and break the high, which would take a while, but you see the .618... If it does break the high, it will probably drop down like a rock from there so I would suggest a limit order. Looking at all the pound and euro pairs I don't feel comfortable entering it right now.

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