USD/JPY Classical AB=CD Pattern
Updated
This is a counter trade based on a classical AB=CD Pattern that doesn't respect Fib ratios,but the length and time of the leg AB is equal to the length and time of the leg CD, and moreover the D point is aligning with a support level structure which gives the trade a high probability of success.
The First Target is 50% of the leg CD, while the second target is 78.6% of CD.
The First Target is 50% of the leg CD, while the second target is 78.6% of CD.
Comment
First Target HitComment
The trade managed to hit the first target only.Therefore I close the trade manually
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