In this Educational post, I will be sharing the most basic and simple harmonic pattern: AB=CD Pattern 1. Formation of the Pattern 2. What to look in the pattern 3. Targets 4. Stoploss 5. Risk This is a new series of Harmonic Patterns, where I shall be discussing about the below patterns: 1. AB=CD Pattern 2. Gartley Pattern 3. Cypher Pattern 4. Bat Pattern 5....
Reason : Continuation of trend to support level. Timeframe : Within a week.
Reason : Continuation of prevailing move's second leg. Time-frame : Two days.
Reason : Little further upside push to catch short orders. Timeframe : Within a day.
It is a good time to U.S. currency as it is trending up in channel as showed on technical chart. Target: 0.9200 SL: 0.8750
The price action is been range bound in this pair for a while and now I'm looking forward for a big breakout in it. I would appreciate if anyone could share their opinion on it or post something related to it. Regards