Australian Dollar / Swiss Franc
Education
Updated

ABC (D) (E|A)

164
Note: this is not backtesting, just an observation of some pairs in the last week.

All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of course this is not the every time winning case - you also have to take in account trend on larger time frame and support/resistance levels.

Anyway, hope somebody will find this useful and will benefit his/her trading.

ABCDa rising
AUDCHF:
snapshot

AUDNZD:
snapshot

ABCDa falling
USDCAD:
snapshot

Failed ABCDE = ABCDEA
USDCHF:
snapshot
snapshot

Or just ABC with breakout and pullback
USDCNH:
snapshot
snapshot

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Note
Another one for the future, also linked:

snapshot

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.