CapMoore

H4 study showing AB=CD Pattern

FX:EURUSD   Euro Fx/U.S. Dollar
110 0 2
The Euro             has been hammered the last days and
it is not unlikely it will complete this deep AB=CD
pattern that coincide Daily/Weekly pivots . Price
now stand at the minimum target of the pattern,
the 61,8 fib of the CD leg (1,3717) and the 38,2 fib of
the whole leg up. The D point can be traded if
price respect that level and if move down is not too
sharp. Staying on the sidelines is also a good
Pre NFP "trade". A target of D point entry could be
either the 38,2 fib of whole pattern or using the BC            
leg projection (here around 1,3740)
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