EURGBP AWAITING PRICE MOVEMENT FOR CONFORMATION TO SHORT

TWO SCENARIOS HERE. THE FIRST IS LESS LIKELY BUT IT IS THERE TO BE RESPECTED. THE TREND LINE AT THE TOP IS DUE TO OPENING GAP ON THE 16/01/2017. THE MARKET WILL EITHER RESPECTED IT OR NOT RECOGNIZE THE LINE.

THE SECOND IT MORE LIKELY FOR ME STILL BULLISH TILL THE 0.87770 THEN THE REVERSAL TO COME IN.

IF REJECTION AT THIS LEVEL AND GOES BELOW 0.87 THEN I WILL BE LOOKING TO SHORT THE PAIR. FIRST TARGET OF 0.86 FOLLOW STOPS UNTIL THE GREEN LINE AT THE BOTTOM.

Trade closed: stop reached:

The election ruined this trade the large green candle

Comment:

100 plus pips there. minimum if stops were followed 50