2 the copy of 1 and i think the downtrend in now started do you think like me?
On the 4H chart if price can break the daily support line @ 6944 we might see a completion of the D @ around 4800 giving us a AB=CD pattern. If that happens I believe price will retest that former support line as resistance. which also acts as the target on this trade.
On the 4H gold chart we can also see a range of AB=CD patterns complete. Just be aware of the daily blue lines. The last black line is just an idea for a possibly downward move, you never know....
Now I found some signal of stronge CAD in this week. The signal shows in AUD/CAD GBP/CAD NZD/CAD For AUD/CAD, there is a gartly pattern. B is near 61.8% fio retracement of XA which is near 1.0000. And D is determined by 1.618BC and 78.6%XA. We call it potential reverse zone that also exist a AB=CD pattern. So short it Also found a bearish shark in...
Im back it again with the perfect set ups. This is a bearish ABCD. This ABCD has tons of confluence for example it made a double top near my D completion. Which is divergent and ADX confirms this move on the H1 and it happens to complete right by the .75000 MAJOR HALF. My entry is at market the risk reward for this trade is wonderful with more than a 3:1 on my...
Hello Traders, I haven't posted in a little while. We have a opportunity to long on this pair if price pulls down to our level o f entry @ 1.2923 Looking at the daily time frame this pair seems to be putting a consistent series of Higher lows. This trade acts as trend continuation trade. We have a AB=CD move completing around our level of entry. We are also...
Short at D point od projected AB=CD pattern. What do You think?