Here on the King of Volatility Pound Yen we have a Bearish ABCD Pattern forming on the 4H and we have some major divergence on the oscillators. On the teal ellioit wave lines (not using them as elliot wave indications) what i have planted is what i would like to see for a good solid entry! i have already been burned by this run away train already and I am sitting on the sideline waiting for another chance to sell. Sorry for not going into it any deeper I am behind on some school work and I am also getting back into the 4H time frame trading gonna slowly get down to the 1H again. I am also in the process in making a few courses as well that covers harmonic trading along with a myriad of other topics. When the courses go live i will upgrade my TradingView package to Premium and advertise them on my TradingView.
Comment:
what we could see is PA retrace up to the entry and hopefully get another chance on entry. this pair has been moving up for quit some time with no rest. this could be that move. I missed the entry but being in a 100 pips profit is not bad...
Comment:
This was a successful pattern. at the moment PA is trading at the 382 of the pattern, so that means take half profit and move stops to BE.