AB=CD on EURUSD

MACD appears extremely oversold and at the same time there is a AB=CD formation on EURUSD. We may see a retracement to the neckline (of the broken H&S) which is around 1.0980-1.10, which can be a great shorting opportunity from a medium term perspective.

Trade geschlossen: Ziel wurde erreicht:

Can extend further though. Look to book out on spikes