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LukeFagan

ABCD Pattern Formation 60min

Long
Euro / U.S. Dollar (FX:EURUSD)  
LukeFagan  
FX:EURUSD   Euro / U.S. Dollar
AB=CD trendcontinuation
9
0
abcdpattern trendcontinuation
Price has broken and closed above 1.09500 level creating a higher high. now looking for price to pull back down to previous resistance (which will no serve as support) and look to go long once price reaches the 1.09430 level. looking to take profits off at 1.10570 for 3 reasons

1. Equal Measured Move from A Leg to B Leg
2. 1.618 Extension taken from A Leg to B Leg
3. Previous support structure
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