themarketzone

Possible "C buy" scenario

FX:EURGBP   Euro / British Pound
Last time I've traded the $EURGBP, it was after a long setup we had in the Elite Zone when this pair touched the bottom of a trading channel and a strong Fib confluence support zone .
Now, after retracing 61.8 of its previous upward swing, is it time to buy $EURGBP again?
A cross back above the 0.79 resistance zone will confirm possible higher move, maybe to complete a bearish AB=CD pattern near 0.815 (aggressive C buy scenario)
looks like a head an shoulders formation . Waiting for confirmation
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