EUR/GBP, AB=CD Pattern
Updated
Hey guys,
The blue line is a strong trend line , and the black line above is a 61.8% Fib level from the monthly charts, the AB=CD patterns CD leg ( fib level 1.41) is exactly on the 61.8 Fib level, indicating on a possible trend reversal.
Let me know what you guys think
Cheers,
Khaine
The blue line is a strong trend line , and the black line above is a 61.8% Fib level from the monthly charts, the AB=CD patterns CD leg ( fib level 1.41) is exactly on the 61.8 Fib level, indicating on a possible trend reversal.
Let me know what you guys think
Cheers,
Khaine
Note
Stop-loss on this sheet is wrong, should have been under the A leg :)
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.