What's up everyone, here we have NZD/USD with a bullish AB=CD pattern on the 1h chart.
The measurements for a valid AB=CD pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618
Excellent trading opportunity with over 1:3 risk to reward.
The D point forms at a key support level in the market which indicates a reversal at this level rather than a D point of 1.618.
A to B time completion is expected to be as similar to C to D as possible with around 22 days and 389 price bars.
Feel free to connect with me on social media :)
The measurements for a valid AB=CD pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618
Excellent trading opportunity with over 1:3 risk to reward.
The D point forms at a key support level in the market which indicates a reversal at this level rather than a D point of 1.618.
A to B time completion is expected to be as similar to C to D as possible with around 22 days and 389 price bars.
Feel free to connect with me on social media :)
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.