Categories: Technical Analysis

Look for buy opportunities in EURGBP

Once again a reminder that we are in NFP week and bank holidays ahead. Keep risk low and only enter trades that are clear and obvious!
EURGBP might present a good buy opportunity soon. We are looking for a double wave correction down before going long along with bullish divergence to develop.

Entry:
H4 – Wait for the potential double wave correction to take place along with divergence as shown in the screenshot.
Target 1: H4 20 MA
Target 2: 0.7330
Stop Loss: below last low created

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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.