Last puff before falling again?

FX:EURGBP   Euro / British Pound
EURGBP             is closing in on an area that could proof to be too strong. on 4H RSI and stoch are close to or pretty much overbought. Both indicators can show bearish divergence if price actually stalls at the red marked area of 0.7850 - 0.7860
and this together with an area that has proved itself als a consolidation area I'm inclined to believe price will revert here it's also the 0.5 fib level of the last bearish move.

some points for the bulls. We closed above the larger bearish channel and the recent bullish candles have been very strong.

A potential short could be at 0.7850 with a stop at 0.7872 and a first tp at 0.7770, TP2 at 0.7710 and a final TP area at 0.7580.
Comment: Price actual touched the 0.618 level and then went to the first target. However there was not enough strength to take it lower and so the price reversed back.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out