Possible AB=CD on the 4H EURUSD

FX:EURUSD   Euro / U.S. Dollar
Any thoughts on a possible AB=CD forming here? Overall, we are thinking short as well due to the Bullish Butterfly that has been mentioned several times already, but are concerned at this AB=CD formation, as it may nullify the butterfly .

If this formation does proceed, I am confident our resistance at 1.18600 will hold, at which point we will be shorting again.


possibly yes, because of the larger triangle correction
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