{"id":96454,"date":"2016-10-06T08:38:40","date_gmt":"2016-10-06T12:38:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=96454"},"modified":"2016-10-06T08:38:40","modified_gmt":"2016-10-06T12:38:40","slug":"eurgbp-is-forming-reverse-bearish-divergence","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/eurgbp-is-forming-reverse-bearish-divergence\/","title":{"rendered":"EUR\/GBP is forming reverse bearish divergence"},"content":{"rendered":"<div id=\"inves-2657710142\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 6, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/2016-10-06_14-10-30.png\"><\/p>\n<p>The EUR\/GBP is coming closer to important resistance and the price is forming <a href=\"https:\/\/youtu.be\/O8gihX_b_MM\">reverse bearish divergence<\/a>. As we can see on our daily chart, the price has formed bearish pinbar so it might reject off the zone and start retracement move. The possibility that the price might reject off 0.8855 zone towards H4 and H3 camarilla pivots gets even more pronounced if we see double top( or chart pattern close to double top). However if the price retraces to POC ( EMA89,61.8,bullish order block) within 0.8760-70 zone we might see another trend trading opportunity towards 0.8850 again. Have in mind that divergence is not confirmed until we see a double top-ish price. If it doesnt happen In the case the price proceeds further above the high, 0.8900 could be tested short term.<\/p>\n<p>Follow <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TarantulaFX\" target=\"_blank\">@TarantulaFX<\/a> on twitter for latest market updates<\/p>\n<p><\/p>\n<p><\/p>\n<p><b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/technical-analysis\/eur-gbp-is-forming-reverse-bearish-divergence\" target=\"_blank\">EUR\/GBP is forming reverse bearish divergence<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\"><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" align=\"left\" height=\"87\" width=\"141\"><\/a><\/p><div id=\"inves-2133975072\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets The EUR\/GBP is coming closer to important resistance and the price is forming reverse bearish divergence. As we can see on our daily chart, the price has formed bearish pinbar so it might reject off the zone and start retracement move. The possibility that the price might reject off 0.8855 zone towards [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-96454","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=96454"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96454\/revisions"}],"predecessor-version":[{"id":96455,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96454\/revisions\/96455"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}