FX:AUDUSD   Australian Dollar / U.S. Dollar
262 12 30
Good potential reversal chance maybe seen at the zone after the completion of the pattern.
I am new here and i want to know that do you guys do the deal in CD segment or only after D point when the pattern completed ? fresh hands with respect for sure : )
+1 Reply
no problem :), just pm me. I will try to help you.
Gene_L morshedul.sazid
I knew that you will trade after the D point formed, but the pattern looks distorted now right? so for which position should i confirm the pattern is abortive,i mean how can you give up the pattern in these kind of case.
+1 Reply
Well, if you see the C structure is broken, thats when you have to remove the limits if you had any here in D point! Or lets say you have some points short of D and the market dropped down big time from 78.6 instead of 88.6 thats why you know the market has moved lost its momentum and you dont trade the D anymore.
Gene_L morshedul.sazid
Got it! but the criteria that "C is broken" sounds very generous condition, drop by 78.6 or 88.6 return of CD seems more cautious to confirm the failure of pattern,is this standard acceptive?
+1 Reply
yes :)
Gene_L morshedul.sazid
Thanks a lot~
be in touch : D
I´ve got the same one in my radar I also wrote you back on PM today
+1 Reply
morshedul.sazid ThomasJeff_DCM
Lets hope for the best!
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