leszekstanislaw
Long

EURJPY M15 / H1 - AB=CD correction move, RR10:1 [diary]

FX:EURJPY   Euro Fx/Japanese Yen
47 1 1
I had row of lossess so seems I just desperately needed such trade :-) AB=CD correction move with great touch of 161.8% - where I had limit order. Risk reward almost 10:1, nice. Now i can start weekend!

Talking about AB=CD - such pattern is found in all markets and on all time frames. The pattern is a measured move where the second leg is equal to the first leg. It should be noted that the CD leg can extend and will not always be exactly equal (that's why hunting such patterns is not so easy).

Want more about AB=CD? See http://tradinglib.com/patterns/abcd-pattern
very nice help full story
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