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
Note
Broke and intermediate support - heading to base - Note
This pair is now moving closer to the major supportNote
Now at support - I don't see any bullish signals as yetNote
Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.