The AB=CD pattern is perfect.
Even Though Price broke and made a sort of retest of the Fib Fan 61.8 level, i will wait for a better confirmation, because of the proven strongness of the bottom trendline of the previous downtrend channel in H4.
Additionally, there is a Regular Bullish divergence in the making that could be sings of price rejecting from that dinamical level.
My trigger will be the 61.8% Fib Retracement of the H1 last leg, or the retest of the 61.8% FibFan.
Stop Loss (50 pips) will be placed over the 78.6% fib level of the same leg.
Initial Target will be on the 78.6 FibFan level (about the 50% Fib Retracement of the Daily AB=CD Pattern) which give us an excellent R/R Ratio (50/800).
