Educational:How to use ABCD Pattern in our analysis
Step 1 Define the AB=200.8 pips
Step 2 (Most important)If confirmed that the price will go up for the C!
The height of BC must be(0.618-0.786)of height of AB
Step 3 If CD=AB=200.8 pips.The price will reach to 1.32524
Step 2 (Most important)If confirmed that the price will go up for the C!
The height of BC must be(0.618-0.786)of height of AB
Step 3 If CD=AB=200.8 pips.The price will reach to 1.32524
Trade closed: target reached
200 pips green profit
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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.