I have taken a long position on this pair, but had to cancel it with a minimal loss. This may not be the perfect AB=CD as it does not conform to Fib principles, but assuming that the AB Leg is equal to CD leg, it brings this pair to a very strong support.
Trade with care
Trade with care
Comment:
Broke and intermediate support - heading to base -
Comment:
This pair is now moving closer to the major support
Comment:
Now at support - I don't see any bullish signals as yet
Comment:
Order cancelled
