EURUSD forming AB=CD? in longer term?
BC leg now at Fib_50 replacement, set early entry at 1.05970, this level is longer term channel mid line as well. Let's see how the market goes.
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Meet down trend upper edge now... 40pips
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early entry at 1.05970 didnt work out, SL hit. waiting for further development...
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Perfect 0.618 retracement, will face 0.382 resistance + SMA200 pressure on 4H... 100pips...
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maybe will retest 50% or even 0.618 + the down channel upper edge to confirm its potential AB=CD??? But with potential strong $$$, rate hike coming up(maybe not)... + Trump unclear Tax Plan/Travel Ban...
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Fib_50% retested, re-enter Long position
