USD/JPY - Bullish ABCD
Here, we have a completed ABCD pattern with the USD/JPY on the 1D chart.
Price has hit D point but seems to be stalling for the moment.
We can expect price to make a break within the next few hours.
Risk Ratio - 3:1
The measurements for a valid ABCD pattern are detailed below.
AB: 0.618 - 0.786
CD: 1.272 - 1.618
Price has hit D point but seems to be stalling for the moment.
We can expect price to make a break within the next few hours.
Risk Ratio - 3:1
The measurements for a valid ABCD pattern are detailed below.
AB: 0.618 - 0.786
CD: 1.272 - 1.618
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Related publications
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.