Smaller ABCD within a bigger ABCD
My favorite kind of pattern, a smaller pattern within a bigger pattern of the same type. Linked is a bigger ABCD pattern on an 60min timeframe (link below).
Pretty simple:
Entry at D at 111.564,
Take Profit 1 at 111.757,
Take Profit 2 at 111.909.
I like this while waiting for GDP and Trump's speech, seems less risky than the longer time frame trade because of those two fundamental factors.
Happy trading.
Pretty simple:
Entry at D at 111.564,
Take Profit 1 at 111.757,
Take Profit 2 at 111.909.
I like this while waiting for GDP and Trump's speech, seems less risky than the longer time frame trade because of those two fundamental factors.
Happy trading.
Catatan
THere is a theoretical 60% chance of the CD leg to extend to 1.27 or 1.618. Be careful with your entry since, although there are a lot of support levels close to D, the downward momentum has been strong and UJ does ten to make extensions of the CD leg when trending strongly.Order dibatalkan
Pattern invalidaded. Still looking at that 240min pattern.
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