Long
USDILS: AB=CD Study within a Channel
Here we find an example of how the simple AB=CD formation can be used in a powerful way to determine excellent Take Profit Targets (Point D) and Stop Loss Level (Below Point B). This is the USDILS 4 Hourly Chart.
This is a breakout strategy that can be used on all timeframes and all instruments.
These trades naturally allow for a high risk to reward ratio, usually exceeding 1:3.
Click on the nodes to read further notes on the charts explaining the strategy.
Enjoy
This is a breakout strategy that can be used on all timeframes and all instruments.
These trades naturally allow for a high risk to reward ratio, usually exceeding 1:3.
Click on the nodes to read further notes on the charts explaining the strategy.
Enjoy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.