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
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Broke and intermediate support - heading to base -
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This pair is now moving closer to the major support
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Now at support - I don't see any bullish signals as yet
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Order cancelled
