ABCD pattern on GBPUSD

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 :)
maybe... but AB=CD pattern implies point D ends at reciprocal fib of C, so 1/0.776 should be 1,288
Good ~~ but i think bd is likely to 1.618.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out