ABCD Pattern
Updated
This pattern has formed by retesting the top of the descending trend line.
Price is around a Large round number (120.00) I expect a bit more retesting here before a bullish move upwards.
Risk reward ration is 1:3.5 (15pips is approx loss)
A good bullish candle closing above the line is required.
Price is around a Large round number (120.00) I expect a bit more retesting here before a bullish move upwards.
Risk reward ration is 1:3.5 (15pips is approx loss)
A good bullish candle closing above the line is required.
Note
Trade is proceeding as plannedNote
Trade reached take profit. Result!
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.