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Ou-Lab
Feb 26, 2017 6:46 PM

CHFJPY to buy Long

Swiss Franc/Japanese YenFXCM

Description

A potential ABCD pattern to trade.
Comments
JamesPowell
I can see why price will potentially move to the lower level. So a pull back up to or above the pivot low seen to the left would be a nice short play to your lower level you have highlighted. Is this something you are looking at?
Ou-Lab
@JamesPowell, the demand zone that i have mentioned its fresh and not tested until now, you can see the pair respect the previous demand zones, if its broken, we will wait for a pullback, it will be a nice short.

Good luck
JamesPowell
@Ou-Lab, I meant short to your demand zone if you get a pull back up before the move down to your level.
Ou-Lab
@JamesPowell, short will be confirmed if the price breakout the demand zone and make a pullback to it. that what i mean.
JamesPowell
@Ou-Lab,

i was meaning if you get a pullback to the supply level before price gets to your demand level that it would be a good opportunity to make a short play to your target level. The level being a good reason for the short. If and when the opportunity presents itself. It has not presented itself yet. But if it does. That's all i was saying.
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