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.
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.
Weekly Forecast Video: