EURGBP: Short opportunity
Updated
EURGBP completed a corrective wave up from 0.8618 to 0.8822 with overlapping waves. It faced a strong rejection on the red zone that correspond to 50% Fib.Ret of the 3-rd wave down, 200 EMA and a structure zone. Price confirmed the donwside with a big bearish engulf candle that corrected more than 38.2% of the YX wave. Targets on the chart. The red projection is the extended target. The trade is invalid for price above 0.8815
Good Luck!
Good Luck!
Note
EURGBP, broke down the 60 min channel. Lets see if it will continue with the donwside move.Trade closed: target reached
2 targets reached. 
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