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FullTimeTrader

EURGBP-a nice example of exaggerated divergence

Long
Euro / British Pound (FX:EURGBP)  
FullTimeTrader  
FX:EURGBP   Euro / British Pound
4
12
This idea is based on D1 chart:
snapshot

We have a classical bullish exaggerated divergence on main pivot point.

Looking at H4 chart the price is already reacting to the zone. We see an AB=CD pattern also.
This could be the beginning of a rally towards last highs.

best regards
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