The bullish AB=CD is a measured move down chart pattern except that the turns are located using Fibonacci ratios.The pattern correctly predicts point D 57% of the time. By using the next higher Fibonacci ratio in the measure rule, you can boost the accuracy somewhat, to 65%. What Is an ABCD Pattern? Reflects the common, rhythmic style in which the market moves. A...
We have got short 123 setup :) Reasons for short: Support acting as a resistance Resistance Trendline EMA We are waiting for solid bearish PA! Talk to you soon, Marjan Forex Swing Traders
Price broke ema and trendline with strong impulse leg. Price is overall bullish so risk is small. Wish you well guys :) Forex Swing Traders