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ian.dejesus
Jul 17, 2017 8:15 AM

GBPJPY Short AB=CD Pattern Short

BRITISH POUND / JAPANESE YENICE

Description

Bearish AB=CD completion resistance zone tested multiple times but failed to break out. Engulfing bearish candle on H1 as signal to enter

Trade active

Trade placed to B/E

First TP: 50.0 retracement of CD leg
Second TP: 61.8 retracement of CD leg

Trade active

Trade didn't hit TP due to spread. Might just go B/E on this trade.

Trade closed: stop reached

Close on B/E
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