QuileHills
Short

Trend Support, Possible Bearish Divergence

FX:EURGBP   Euro Fx/British Pound
166 5 9
EURGBP             is sticking to the red trend support very faithfully thus far. A break of this support inconjuction with the possible formation of RSI 4H divergence could make for a quick profit shorting down to the main channel support line (Brown).
Agree, I have a diferente channel that's hitting now. Look at my sunday chart, upload new bars.
+1 Reply
Good eye. Looks like we may be in for a good short.

I take it as good news when different analyses come to the same conclusion.
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sam.aziz QuileHills
Yes we came to the same conclusion but the market has a different say :(
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QuileHills sam.aziz
That's all that matters. It still has not broken my trend support though. I'll continue watching.
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sam.aziz QuileHills
Yes the weekly downtrend line is is like 0.8150 or so but if this trade works out it should go down to 0.75000 or even lower. I would show you my view on this from a daily chart but I am new here and dont know how to do it. BUt I will give it a go
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