EURGBP REVERSAL
After a bullish move up, we have peaked just above previous monthly highs for August 2017 and September 2009. In this next phase, we are looking to break the current uptrend channel. This could be a good opportunity for a short position with the forming of a double top on the 3hr timeframe, alongside the MACD showing bearish divergence.
Target #1: 0.286 fib (0.92171)
Target #2: 0.382 fib (0.91550)
Target #1: 0.286 fib (0.92171)
Target #2: 0.382 fib (0.91550)
Trade closed: target reached
Target #1 metTrade closed: target reached
Target #2 met!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.