Fxprotrader

EURGBP: Bearish AB=CD Completion At Key Level

Short
FX:EURGBP   Euro / Livre Sterling
Price has completed a bearish ab=cd pattern at a level where we meet the lower quartile of a median line and the 0.618 fib retracement of the previous big sell off. It's interesting to see how many times price was rejected from the quartile on it's way up. The problem with this setup is that at the moment we don't have a quality stoploss. So i suggest to wait for a sell setup to complete in a lower timeframe.

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