EURGBP short trade Idea with divergence 💶 EURGBP SHORT SETUP – Clean Supply Rejection 📉🔥
Looking at a fresh opportunity to short EURGBP based on recent price action and structure:
🔹 Market Context:
Price recently pushed into a key supply zone or resistance around 0.84800–0.85000.
Multiple rejections spotted at that level – suggesting weak bullish momentum and engineered liquidity.
🔹 Setup Bias: Bearish
We’re anticipating a short-term correction or continuation to the downside, targeting recent demand zones or imbalances.
🔹 Trade Setup (Example):
Entry: ~0.84800
Stop Loss: ~0.85100 (above supply wick)
Take Profit: ~0.84100 (demand/imbalance fill area)
Risk to Reward: ~1:3 potential
🔹 Confluences:
Rejection candle at supply
Divergence
Price broke structure (BOS) to the downside earlier
Overbought signals (if using RSI/Stoch)
Clean imbalance zone below
📊 Execution Tip:
Wait for confirmation (M15 bearish engulfing / lower high break) to avoid early entries.
