Categories: Technical Analysis

The bulls are tired

Hi friends,

This time I will make it short and clear – take a pen and a paper and write it down!

EURGBP – If the pair manages to reach above 0.82, in a range of 0.82-0.83 prepare your selloff.

All we will need is 4H or daily bearish candle to begin this sell and enjoy from at least 150 pips down move, maybe even much much more.

To make it simple, here is why (Click to enlarge):

To a related subject: if you really want to become a divergence trader, like me, don’t stay behind and join the traders who already do that with me!

Divergence University, quickly turned to be most comprehensive and effective for traders – voted as a top trading course on the net.

Be sure to get this course now!

Divergence University website

See you there,

Yours

Vladimir Ribakov
http://www.divergenceuniversity.com/

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.

View Comments

Recent Posts

Why Winning Trades Can Sometimes Make Traders More Dangerous

A winning trade feels good. A series of winning trades feels even better. Confidence increases.…

2 days ago

Forex Weekly Forecast: EUR/USD, USD/JPY, NZD/USD & Gold – Key Trading Opportunities

The Forex and commodities markets are entering an interesting phase, with renewed inflation concerns, expectations…

5 days ago

Hawkish vs Dovish: How Central Banks Language Moves Forex

Central banks do more than change interest rates. They also influence financial markets through the…

1 week ago

Why Good Economic News Can Sometimes Make a Currency Fall

When traders first learn fundamental analysis, one of the easiest assumptions to make is: Good…

2 weeks ago

What Is Spread in Forex? How Trading Costs Affect Your Profits

When you open a Forex trade, you may be focused on one thing: Will price…

2 weeks ago

Forex Trading Sessions Explained: The Best Times to Trade London, New York, and Asia

The Forex market is open around the clock during the trading week, but that does…

3 weeks ago