Fxprotrader
Short

EURGBP: Bearish AB=CD Completion At Key Level

FX:EURGBP   Euro / 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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Thank you !
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You are welcome!
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Thanks for sharing your idea. Bearish divergence also confirms it.
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andrFX andrFX
snapshot
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Thanks for sharing!
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Thanks for sharing..:)
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