NZDJPY-H1. Reciprocal AB=CD Short

NZD/JPYOANDA

Description

⋅ Dec 16, 2017 12:21 AM

I like to trade this pattern at market tops.
(Please do not trade correlated pairs, i posted another AUDJPY trade)
Price is respecting this reciprocral AB=CD pattern. Still not late to catch this move.
Reasoning:
- structure resistance
- reciprocal AB=CD
- 0.61 fib retracement
- parallel channel
- morning star candle pattern

Happy weekend

Chart Patterns Harmonic Patterns

Comments

NeverNO

⋅ Dec 16, 2017 1:18 AM

NZDJPY - Intraday

und BIG PIC

FullTimeTrader

⋅ Dec 16, 2017 1:30 AM

@NeverNO, thanks for sharing your charts.

NeverNO

⋅ Dec 16, 2017 2:05 AM

@FullTimeTrader,
my pleasure... I like your work... :-)