Bearish AB=CD Pattern completed
Bearish AB=CD potential
Could carry on pattern
Price as recently rebounded of the .618 fib level which is also a resistance turned support
Entry order between rices 0.758 & 0.761
Price could break through .618 structure
Trend channel could be tested between 0.757 & 0.762
Look to go long if above is met
Bearish AB=CD potential
Could carry on pattern
Price as recently rebounded of the .618 fib level which is also a resistance turned support
Entry order between rices 0.758 & 0.761
Price could break through .618 structure
Trend channel could be tested between 0.757 & 0.762
Look to go long if above is met
Price has rebounded of main structures within AB=CD pattern
Confluence with fib ratios and trend line caused price to push upward and resume uptrend momentum
Early Entry at 0.7611
Stop loss at 0.7568
Target 1 at 0.7669
Initial R:R at 2.26
Target 2 at 0.7705
Target 3 at 0.7746