FX:GBPUSD   British Pound/U.S. Dollar
320 2 0
Kind a perfect ABCD pattern developing on hourly GBPUSD             chart; hypothesis is supported by RSI divergence after coming back out of oversold area. First target is 0.382 fib level calculated on CD leg, with 0618 as second target only for the braves :)
MAHARAJAH
2 years ago
Good ~~ but i think bd is likely to 1.618.
Reply
maybe... but AB=CD pattern implies point D ends at reciprocal fib of C, so 1/0.776 should be 1,288
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