EUR/GBP near a climax top

I last posted about the EUR/GBP here. I think we will see the pair make a new trend high above .8662 which should culminate in panic buying. I will monitor the pair and try to short a panic climax top.

The elliot wave count indicates that the nearly 2-year uptrend is almost complete. We are in Wave-v of Wave-V from .6534. Notice that the daily trading ranges are becoming very big, characteristic of a top. I believe the pair will break to new all-time highs, and because there is no overhead resistance for EUR/GBP, some nice panic buying should occur. It will be hard to time it, but when the 15m candles start having their biggest ranges ever, the market is too lopsided, and near an extreme.

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