Happy Friday traders! Here on the hourly time frame the EURJPY
is providing us with a goo example of what could end up being an AB=CD
pattern. This was one of the first simple patterns that I learned to trade, and I also learned the hard way that trying to take every single one would land me in the poor house.
Although i don't trade it on it's own, I routinely use it as part of my analysis when looking for areas of potential reversal and/or projecting future extensions.