There could be a AB=CD pattern on gbpusd that coincides with 0.618 fibonacci retracement at Daily chart. I'm thinking of a buy at that price range, but frist I recommend to wait for candlesticks formation to enter. The AB=CD is 0.382 to 2.24/2.618 and as it is not the perfect 0.382 it's logical that it's between on these fibonacci ratios. The TP is on the previous support that was broken. Do you guys have any other ideas or more confirmation? Let me know on the comments.
As always, wait for candlesticks confirmation to buy when the price is on the zone.
As always, wait for candlesticks confirmation to buy when the price is on the zone.
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