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Wulvex
Mar 8, 2017 8:38 PM

EUR/GBP, AB=CD Pattern 

Euro Fx/British PoundFXCM

Description

Hey guys,

The blue line is a strong trend line , and the black line above is a 61.8% Fib level from the monthly charts, the AB=CD patterns CD leg ( fib level 1.41) is exactly on the 61.8 Fib level, indicating on a possible trend reversal.

Let me know what you guys think

Cheers,

Khaine

Comment

Stop-loss on this sheet is wrong, should have been under the A leg :)
Comments
Soufkorean
trend line broken :X
Wulvex
@jiyongprk, Yeah I noticed unfortunately, but know you can use it as a support level :)
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