Trend Support, Possible Bearish Divergence

FX:EURGBP   Euro / 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.
sam.aziz QuileHills
Yes we came to the same conclusion but the market has a different say :(
QuileHills sam.aziz
That's all that matters. It still has not broken my trend support though. I'll continue watching.
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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