EURGBP | Waiting for 4H Rejection at Key Supply for Bearish ContEUR/GBPOANDA:EURGBPbenjamin06EURGBP remains structurally bearish on the 4H timeframe. Following the November 2025 high around 0.8865, price has continued to form a sequence of lower highs and lower lows, with multiple bearish breaks of structure. The descending trendline remains respected and continues to cap bullish retracements. Price has now started another corrective move higher after reacting from the 0.8420–0.8480 demand area. The key question is whether this retracement can push into the 0.8620–0.8650 resistance/POI. Key POI: 0.8620–0.8650 This area carries multiple confluences: - Previous support → potential resistance - deep Fibonacci retracement zone - Descending 4H trendline - Previous bearish reaction area - Existing supply/POI - Location within the broader bearish structure This makes the zone interesting for a potential continuation short. However, I don't want to sell simply because price reaches the zone. I want to see the market prove that sellers are actually defending it. What I want to see Ideally: Price → 0.8620–0.8650 → rejection → bearish displacement → lower-timeframe bearish BOS/CHOCH → short entry. A strong bearish engulfing/pin bar on 4H would add further confirmation