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EURGBP: Bearish AB=CD Completion At Key Level

FX:EURGBP   Euro Fx/British Pound
Price has completed a bearish ab=cd pattern at a level where we meet the lower quartile of a median line and the 0.618 fib retracement of the previous big sell off. It's interesting to see how many times price was rejected from the quartile on it's way up. The problem with this setup is that at the moment we don't have a quality stoploss. So i suggest to wait for a sell setup to complete in a lower timeframe.

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GoldHunter
4 months ago
snapshot
+1 Reply
Fxprotrader PRO GoldHunter
4 months ago
Thanks for sharing..:)
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andrFX
4 months ago
Thanks for sharing your idea. Bearish divergence also confirms it.
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andrFX andrFX
4 months ago
snapshot
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Fxprotrader PRO andrFX
4 months ago
Thanks for sharing!
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Dguaman
4 months ago
Thank you !
Reply
Fxprotrader PRO Dguaman
4 months ago
You are welcome!
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