gevansweb
Long

CHFJPY Bullish AB=CD Pattern

FX:CHFJPY   Swiss Franc/Japanese Yen
26 2 2
CHFJPY             looks to be in a bullish AB=CD pattern on the 4 hour chart.

My entry will be the close of this current 4 hour bar if it closes as a decent looking green bar, otherwise I will wait and look for another entry opportunity. Stop Loss and Take Profit are on the chart.
Comment: No good entry presented itself and the C leg is about to be broken. Trade now invalid and should not be taken.
I missed this trade but it did eventually work out as a good AB=CD trade, just at a slightly lower level. Price came down a little further and I didn't enter because I didn't receive any good entry signal so I waited. Then, price made a lower low and gave us an even better looking AB=CD pattern and the entry could have been any of the green candles that broke the immediate down trend to create the low. See the chart below for the update. (I missed it but the pattern worked out)
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