EURUSD@ Short Trade Ahead After Bearish AB=CD Pattern Completion
Price in EURUSD being is in a corrective structure, has formed a bearish AB=CD pattern. We now see that it's going down and has broken a short term support level (blue trendline).
Stoploss should be placed above D point of the pattern at 1.14990
Profit target should aim for 1.10795
The above managenment gives us a nice 2:1 r/r ratio.
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John
Stoploss should be placed above D point of the pattern at 1.14990
Profit target should aim for 1.10795
The above managenment gives us a nice 2:1 r/r ratio.
Like and comment
John
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