AB=CD PATTERN OFF PREVIOUS CYPHER FINISH ON 1H GBPUSD
Updated
An AB=CD pattern forming CD leg coming off a D finish on a Cypher pattern on the 4h GBPUSD. Trend continuation trade having taken profit on the AB leg continuing the downward momentum. Confluence @.786 retracement and RSI on overbought favoring a short entry.
Comment
Trade is active.Comment
Retest of previous support @ 1.4649 could provide opportunity for Trend Continuation Trade to final target.Related publications
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