Matt_Forex1

Bearish ABCD 1hr

Short
FX:EURUSD   Euro / U.S. Dollar
1
The ABC portion of this pattern was forming nicely. Once point C was established the move to point D has become quite sloppy, although none of the pattern rules have been violated. Price action did tag the 1.236 fib retracement but given the rising RSI channel I do not think the move is complete.

Please let me know what you think. I am new to trading and any advice would be helpful.


Thank You

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