If we used a pivot indicator we can see an exact point of entry. 2 patterns in 1 trade which support hand in hand. as for me i have to identify the fractal or the rejection to enter trade. Watch the video to give you idea how i identify it. fxact.blogspot.com
The Trend is Down so the best way to start to trade on ABCD Pattern is from C point to D in which in 1 hr time frame we can see it its going down. Then my point of entry was on the engulfing candle a clear rejection price. more of this explanation on my blog www.fxact.blogspot.com