AB=CD IMPLIES THAT 120.56 will be a reasonable price level for this pair before it either goes up or goes down. However, the recent SNB Thing makes the Pair shoots up for 2000 pips! here are two solution : 1. short it and take profit at 120.56 2. wait the price pull back to 120.56 and long .
which one you will choose? I will take the first one. good luck!
Trade closed: target reached
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This is a great trade: Short from 136.30 to 122.40 almost 1400 pips