This is a bullish 5-0 pattern, formed in monthly chart.
The first bounce from 50% retracement (around 1.1450) reached 38.2% retracement of February high to August low around 1.1800/1.1780 before the pair resume downtrend and reached AB=CD projection.
Stop loss below 1.1180.
The first bounce from 50% retracement (around 1.1450) reached 38.2% retracement of February high to August low around 1.1800/1.1780 before the pair resume downtrend and reached AB=CD projection.
Stop loss below 1.1180.
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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.