Sell EUR/GBP for 0.8684-0.8627
The weekly chart below shows consecutive candles with long upper shadows. On the daily chart it would look like a nice rounding top... Also worth noting is that the rising trend line from November 2015 has been breached.
I would want to be a seller below 0.8756 (weekly low) for a downside target of 0.8684 - 23.6% Fibonacci retracement of July 2015 low - Oct 2016 high) and 0.8627 (July 2 low).
I would want to be a seller below 0.8756 (weekly low) for a downside target of 0.8684 - 23.6% Fibonacci retracement of July 2015 low - Oct 2016 high) and 0.8627 (July 2 low).
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