EURGBP Sell Idea

I believe the pair will continue its decline and i will look for bearish setups. One way to join is after a double cycle up on the H1 chart. The idea is very simple, wait for the price to reach the trend line and look for bearish triggers (divergence, false break, candle pattern etc)

Technical Analysis:

H4 – bearish convergence, trend line

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Entry:

H1 – double wave up to the sell zone as shown in the screenshot below than look for sell triggers. Keep in mind there is also a possibility for divergence to form (bearish one) which will give us extra confirmation for this setup.

Targets: Aim to collect first part around 0.7960-40 zone, and let the other part run

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.