EURGBP Sell Idea + Weekly Forecast Video

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Perfect EURGBP Sell Setup Forming

EURGBP is still under heavy bearish pressure. Selling corrections is a good idea and this is exactly what I intend to do. The H1 chart is where i will look for a short setup to occur. As you can see in the screenshot below there is a down trend line from the tops. If price manages to reach this trend line and forms divergence near it (the sell zone) i will be selling, protecting last high to be created.

You can watch the full weekly video forecast at the bottom of this post.

EURGBP Technical Analysis:

D1 – bearish convergence

H1 – trend line

SELL IDEA ENTRY:

Wait for the price to reach the sell zone and look for bearish divergence to complete. This is when you can try a short trade.

Targets:

Aim 0.78 as first target, move your stop loss to break even once target 1 is reached and let the other part run until opposite divergence occurs and completes.

eurgbp h1 sell idea

 

Weekly Forecast Video:

 

 

Yours,

Vladimir

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Daisy
Daisy
4 years ago

Awesome post.

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