As we can see the C point is from the 61.8 AB=CD Pattern.
Price completed the Head and Shoulders pattern.
4Hr chart shows rejection wicks below 61.8 level.
1Hr chart shows a breakout of the trendline
30mins shows divergence
Risk could be as low as 23 pips if taken from Fib 50 line.
Reward target 1 = 80 pips at .27 extension.
(But this trade could continue downwards....)
Price completed the Head and Shoulders pattern.
4Hr chart shows rejection wicks below 61.8 level.
1Hr chart shows a breakout of the trendline
30mins shows divergence
Risk could be as low as 23 pips if taken from Fib 50 line.
Reward target 1 = 80 pips at .27 extension.
(But this trade could continue downwards....)