The measurements for a valid pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
As you can see price has spiked up to hit a major level of resistance completing our C leg, in addition we are extremely overbought on and I'm all for shorting this pair right down to below 16.000... We're in for a huge trading opportunity.
Do you want more trading inspiration?
∙ Telegram Channel: https://t.me/SixFigureCapital
∙ Facebook: https://www.facebook.com/sixfigurecapital
∙ Instagram: https://www.instagram.com/sixfigurecapital