unique4x
Short

Nice GBP/USD Short AB=CD setup

FX:GBPUSD   British Pound/U.S. Dollar
GBP/USD             is forming nice AB=CD pattern on the 4H chart.

This pair has exceeded its C target setting the stage for a move to point D which will at least 100% of the A-B move. The B-C move should never exceed 78.6% of A-B, with that said we will set a stop of 100 Pips which will be slightly more than the 78.6% threshold. It's very well possible point D stretches to 1.272%, 1.382%, 1.618%, or even 2.618% of the A-B move. We will trade it conservatively and exit near the 100% level of 1.51700.
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