Hello traders, we might have a potential ab=cd pattern going on in this pair.
here as we can say that the price has been moving in a range for the past couple of months for the most part. completion of this abcd structure would take the price to the bottom of the channel which which would be a 1.27 extension as well as a previous fresh supply level.Risk to reward isnt the best for this trade but i would like to open positions at the break of the previous structure level.
Cheers
here as we can say that the price has been moving in a range for the past couple of months for the most part. completion of this abcd structure would take the price to the bottom of the channel which which would be a 1.27 extension as well as a previous fresh supply level.Risk to reward isnt the best for this trade but i would like to open positions at the break of the previous structure level.
Cheers