GBPEUR more trouble to come ?

We had a lot of fun riding this explosive short squeeze. But this may be the perfect bull trap. The sentiment among short term traders is very bullish. Also, recognize the perfect shoulder head shoulder formation, this is too good to be true. We may go a litte higher, but according to our wave scenario, there is one more massive downwave missing. This selling wave should lead to the support level of 1,01. There, a new wave analysis has to clearify, if we may expect a longterm change in trend.