Vladimir Ribakov analyzes EUR/GBP across multiple timeframes and identifies a bearish setup with lower highs and lower lows on the daily and 4-hour charts. He recommends selling rallies while the downtrend holds, and exiting if a bullish divergence signals a reversal.
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Hello traders, how are you? Vladimir here from Traders Academy Club and welcome to this daily trading idea. Uh, in today's video, the euro pound bearish idea, and I want to explain why I find this short-term opportunity as a very interesting one. But before we do that and we go to the chart If you are new to this channel, welcome to our fantastic community. Please subscribe to this channel, follow the subscribe button below the video, and just remember to enable the notification. And also I invite you to join us to our trading family, Traders Academy Club, where you would enjoy all our real-time trading education and all our real-time trading ideas delivered to you during the weeks. Uh, to join our family, please follow the link below the video in the description or in the pinned comment in the comment So what do we have on the euro pound and why do I find this interesting opportunity? A quick view on the weekly time frame. We can see that we are moving in a strong range and right now, as it looks, we are trying— we can see the weekly chart here on the current wave is making lower highs, lower lows without signs it's completed. There is a very serious chance we are going to retest this low and maybe Even breakthrough. All this view is relevant as long as we don't have the completed signs against us, like this potential to be created bullish divergence. I said potential because we don't have a tick down, tick upside yet. So taking that into consideration that we currently are moving in a bearish movement within a bigger range with the possibility of the breakout. We go to the lower time frame. On a daily chart, the trend is completely the same. And as we can see here, we are moving down, lower highs, lower lows, without any completed divergence here and here. So basically, the bearish trend is on. Taking that into consideration and the fact that the weekly chart is likely not over, daily chart is likely not over. We go down to the 4-hour chart, and on the 4-hour chart we also have 3 lower highs, lower lows without any ending divergences yet, which makes me think that this rally is an opportunity to go for a sell. 2 ways it could work out from here. The ideal scenario would be we got some continuing range here and then complete the breakout. To dive to the last final drop. The second one would be basically that we got here already sort of consolidation, and we'll complete the breakout and the following drop afterwards. There is one thing to pay attention to as we are coming to the possible end of the week. Right? This might be shorter. Okay. So again, we are not trying to guess how the market would look like. We are basically looking just to join it. But we do have the low from the weekly. We do have this possible low to be created and divergence to be completed. Again, I say possible because as you can see, it's not yet formed. In order for the divergence to be formed, We need a drop and we need one more low, right? Low and then flip upside. But what's important is if you get involved in such opportunities, always have that in your mind, because if that happens, you would want to step back, take the profits and go out, and not to carry on saying, I still should be fine. Okay, so as long as, uh, the divergence did not complete, sell the rallies. Is the plan for this one. For the longer view, even if we do have here one more divergence—sorry, one more low and divergence—I believe we should still see a pullback and then further drop down following the weekly chart analysis and daily chart analysis. So sell the rallies is my plan for the euro. pound, uh, short-term idea. If you missed yesterday's New Zealand dollar and 2 days ago dollar-yen ideas, you can watch them in my channel or right now directly in the link on the right top corner of this video, and you can enjoy other trading ideas as well. And I want once again to invite you to our trading family where you would enjoy all our trading ideas delivered to you during the week. Including a real-time trading education and, uh, and our weekly educational videos. Uh, to join our family, please follow the link below in the description or in the pinned comment in the comment section. Thank you for your time watching this video. I wish you fantastic trading. Stay safe, be well, and I'll see you soon with more videos.
