Eurgbp 5th Wave decline in focus

Eurgbp has momentary held the 4th wave advancement which has stopped at the wave 1 support turn Resistance of 26 June 2012.

The ideas is to position now for a 5th wave dwn. The Andrews pitchfork ML Break signifies that this may be possible as long as Mr price stays below ML 0.7938.
whip sawing is possible as we know in a wave 4. so stay vigilant and my suggestion is to take profits quickly scalping on the way down

I still getting bullish momentum in eurgbp so watch and waite to see what transpares