Forex GBP/USD Daily Video, February 21, 2020

soul rebel

Private, 1st Class
Messages
35
Greetings Sive & all
Looking at cable 4hour chart, does the context remain to take short position on completion of AB=CD at 130184 area?
 

Sive Morten

Special Consultant to the FPA
Messages
13,131
Greetings Sive & all
Looking at cable 4hour chart, does the context remain to take short position on completion of AB=CD at 130184 area?
IMO for short-term trade it is possible. The one thing I do not like with this AB-CD is fast acceleration - it increases risk of this setup. Still, as we should get "222" Sell, let's hope that at least 30% pullback will happen...
 
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