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LukeFagan
Apr 6, 2017 8:10 AM

ABCD Pattern completion  Long

Australian Dollar/U.S. DollarFXCM

Description

As you can see after a completion of a successful Advanced Cypher Pattern price has been retesting previous support levels and putting in lower low lower closes. looking for the D Leg (equal measured move from A Leg to B Leg) to complete in between the 1.414 & 1.618 which is a fib extension (from the A to B leg). also have a previous support level there so going to be patient and wait for price action to move into my zone and look to go long

Comment

Price is currently in my kill zone so now waiting for bullish confirmation
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